Key Takeaways
- • Bill Ackman, CEO of Pershing Square, warned that the stock market is broken by excessive speculative trading and high leverage, driving wild price swings, according to the Pluang article.
- • Ackman sees buying opportunities in quality large-cap companies, naming Microsoft, Amazon, Visa, Mastercard, and Netflix as businesses he would buy at discounted prices.
- • As of Nov 3, 2026, Microsoft traded at USD 514.61 on Pluang (up 1.48% on the day) and Amazon at USD 246.93 (up 0.53%).
- • Pluang user data showed Visa drawing 74% buy orders even as its price fell 1.27%, with typical hold times of 116 to 144 days for these stocks.
- • Microsoft's recent quarterly results showed revenue of $92.28 billion and Azure growth of 48%, though the stock remained 2.59% below its year-ago level at $523.71.
Summary
Bill Ackman, CEO of Pershing Square, said the stock market is currently broken, pointing to excessive speculative trading and high leverage as sources of sharp price swings. He cautioned that treating the market as a quick-profit casino is dangerous for individual investors and for the broader economy. Despite these concerns, Ackman remains bullish on a select group of high-quality businesses, which he sees trading at discounted prices. The companies he highlighted include Microsoft, Amazon, Visa, Mastercard, and Netflix.
As of 22:21 WIB on November 3, 2026, Microsoft shares on the Pluang platform were trading at USD 514.61, up 1.48% for the day, while Amazon was priced at USD 246.93, a 0.53% gain. Visa showed strong buying interest on Pluang, with 74% of orders on the platform being buy orders, even though its share price fell 1.27%. Pluang data indicated a typical hold period of 116 to 144 days for these stocks, suggesting a medium-term horizon among the platform's users.
Related coverage reported that Microsoft beat earnings expectations, with revenue of $92.28 billion and Azure growth of 48%. Even so, the shares, at $523.71, remained 2.59% below their level a year earlier, reflecting a cautious market outlook. Separately, reporting on Big Tech capital spending indicated that AI data center investment rose from $140 billion in 2023 to $740 billion in 2026, which Ackman has characterized as a strong growth investment despite pressure on free cash flow.
As of 22:21 WIB on November 3, 2026, Microsoft shares on the Pluang platform were trading at USD 514.61, up 1.48% for the day, while Amazon was priced at USD 246.93, a 0.53% gain. Visa showed strong buying interest on Pluang, with 74% of orders on the platform being buy orders, even though its share price fell 1.27%. Pluang data indicated a typical hold period of 116 to 144 days for these stocks, suggesting a medium-term horizon among the platform's users.
Related coverage reported that Microsoft beat earnings expectations, with revenue of $92.28 billion and Azure growth of 48%. Even so, the shares, at $523.71, remained 2.59% below their level a year earlier, reflecting a cautious market outlook. Separately, reporting on Big Tech capital spending indicated that AI data center investment rose from $140 billion in 2023 to $740 billion in 2026, which Ackman has characterized as a strong growth investment despite pressure on free cash flow.
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