Ackman’s Pershing Square Takes New Position in Amazon.com, Inc. (AMZN)

Bill Ackman’s Pershing Square Capital Management has taken a new position in Amazon.com, Inc. (NASDAQ:AMZN), describing the company as a “fantastic franchise” and noting that the shares were bought at a highly favorable price.

According to Pershing Square’s Chief Investment Officer Ryan Israel, the firm purchased AMZN after it dropped over 30% earlier this year, following concerns about the generative AI surge and new US tariffs. Israel said they viewed it as a rare opportunity, believing Amazon.com, Inc. (NASDAQ:AMZN) would navigate any temporary slowdown in its cloud segment. He also pointed out that the company is on track to maintain earnings growth of over 20% per share.

At Amazon.com, Inc. (NASDAQ:AMZN)’s recent shareholder meeting, CEO Andy Jassy noted that the company hasn’t experienced a significant drop in consumer spending or a rise in prices due to the tariffs implemented by President Trump earlier this year.

Investors remain watchful for updates from US retailers, looking for signs of how both consumers and brands are reacting to tariffs, some of which reached 145% on Chinese imports before a 90-day pause was announced to allow for further negotiations.

Amazon.com, Inc. (NASDAQ:AMZN) executives have previously acknowledged that the rising tariffs could pose challenges for the business moving forward. Though the stock had a turbulent 2025, it has surged by over 3% over the past six months.

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Disclosure. None.