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Benzinga
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Bill Ackman's Bet On Google Pays Off: Up $830 Million Since Q2

1. Bill Ackman increased his Alphabet stake by 21% in Q2. 2. GOOGL is up over 30% year-to-date since hitting a 52-week low. 3. Ackman's stakes in GOOG and GOOGL now total over $2.8 billion. 4. Investors await Ackman's third-quarter portfolio release in mid-November. 5. Alphabet is identified as a key player in the AI space.

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FAQ

Why Bullish?

Ackman's substantial investment and positive performance suggest strong future confidence in GOOG.

How important is it?

Ackman's activism and position can greatly influence market perception of Alphabet's stock.

Why Long Term?

As Alphabet continues to invest in AI, the long-term growth prospects enhance stock value.

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