Bill Ackman ranks as one of the most successful investors in the world. His net worth stands at roughly $4 billion. Ackman made this fortune with smart trades through his Pershing Square Capital Management hedge fund.

Like fellow billionaire investor Warren Buffett, Ackman usually hasn't invested heavily in tech stocks in the past. But there's one notable exception in his Pershing Square portfolio. Here's Ackman's favorite artificial intelligence (AI) stock -- and why it's a no-brainer buy for 2024.

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Source Fool.com