MSFT

Microsoft is trading roughly flat in pre-market action following news early this morning that billionaire investor Bill Ackman and his firm, Pershing Square, have initiated a new stake in the company. Ackman cited a compelling valuation as the primary driver for the investment, which is expected to be formally disclosed in regulatory filings later today. This positive sentiment regarding the company's long-term value appears to be offsetting broader market concerns regarding public opposition to the expansion of AI data centers.