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In its third-quarter investor letter, Pershing Square pointed to a 26% surge in Meta's core advertising revenue and new software rollouts as evidence that the company's massive AI infrastructure investments are generating commercial returns.
In its third-quarter 2026 investor letter, Pershing Square outlined a bullish case for Amazon, citing an accelerating 39% AWS growth rate and a backlog nearing $600 billion amid record infrastructure spending.
In its third-quarter 2026 investor letter, Pershing Square highlighted accelerating momentum across Microsoft's Azure and Copilot divisions, pointing to commercial demand and in-house silicon deployments.