Google's AI Stumble Creates Buying Opportunity, Says Ackman

Google's stock sold off due to AI controversies (Bard, Gemini), but these were overreactions and provide a buying opportunity.

Bill Ackman believes Google is a leader in AI based on industry conversations, despite appearances. Its scale means more caution with new products.

Google has fundamental data and resource advantages in AI over competitors like Microsoft. Potential Apple partnership further validation.

Valuation-wise, Google has lowest P/E and most attractive valuation compared to other mega cap tech stocks.

Risk is that management fails to innovate in AI, but Sundar Pichai has strong product innovation track record at Google.