Bill Ackman sold nearly 10% of Pershing Square’s position in Alphabet Class A last quarter, even as Wall Street analysts remain highly bullish and the company reports strong growth in AI and cloud segments. Alphabet’s revenue jumped 16% YoY with earnings up 33%. Despite Ackman's sale, Pershing still holds a significant $3.3 billion stake, suggesting he’s likely just locking in some gains rather than losing confidence. Meanwhile, Google is pushing ahead with AI, expanding its Gemini and Waymo initiatives. Analysts see little reason to sell given these developments.