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Billionaires Love This Tech Stock, but Will It Continue Its Reign in 2025? [Yahoo! Finance]
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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US:NASDAQ Investor Relations: abc.xyz/investor
Bill Ackman of Pershing Square Capital Management, Chase Coleman of Tiger Global Management, and Chris Hohn of TCI Fund Management, collectively worth an estimated $25 billion, are worth keeping tabs on. All these billionaires manage massive sums of capital and also love one monster tech stock. Continue reading to learn more about this business and whether it can continue its reign in 2025. Two strong years In a difficult 2022, Alphabet 's (NASDAQ: GOOGL) (NASDAQ: GOOG) shares fell 39%. Weakening conditions in the digital-advertising market, most likely sparked by the Federal Reserve's decision to aggressively hike interest rates (which led to recession fears), created a tough operating environment for the company. However, Alphabet has come roaring back in remarkable fashion. As of this writing on the afternoon of Dec. 31, 2024, the stock is up 115% since the start of 2023. That gain has helped Ackman, Coleman, and Hohn in their respective funds, as they all adopt long-term i
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