Yahoo Finance
Let's face it: Nvidia (NVDA) can't grow the way it already has.
The money now is in finding the next beaten-down or ignored stocks.
So let's learn from two Wall Street giants who spend their days doing exactly that — Michael Burry and billionaire Bill Ackman.
Ackman disclosed in his latest investor letter that he bought S&P Global (NYSE:SPGI).
The stock is down more than 20% from its 2025 high, and Ackman thinks the market threw out a great business over a fear that barely touches it.
S&P Global sells financial data, and investors worry AI will make that data cheap and commoditized.
The selling picked up after Anthropic launched its Claude Cowork tool.
Ackman's answer: the fear is aimed at the wrong part of the company.
S&P Global runs three benchmark franchises — Ratings, Indices, and the Platts energy pricing business.
Ackman says these businesses produce high margins.
None of them is a data-lookup product AI can copy.
Ratings is a near-duopoly with Moody's, and the two rate over 95% of US corporate debt.
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