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Bill Ackman's hedge fund Pershing Square will disclose a new position ​in Microsoft (MSFT.O) later in the day, ‌the billionaire investor said on Friday, arguing that the tech giant sits at a "highly compelling ​valuation".

Ackman's new closed-end fund Pershing ​Square USA (PSUS.N), which debuted on the ⁠NYSE last month, has also recently ​made Microsoft a core holding, he said ​in a post on social media platform X.

Pershing's bet on Microsoft comes amid Ackman's growing ​appetite for tech holdings. In February, ​he said Pershing had bought shares in Meta Platforms (META.O), ‌betting ⁠the Facebook parent will benefit from artificial intelligence.

Last year, he made a new investment in Amazon (AMZN.O) and the firm ​previously invested ​in ⁠Alphabet (GOOGL.O) in late 2022.

Microsoft shares have fallen more than 15% ​so far this year, as ​investors ⁠worry that the company's early-mover advantage in the AI race is losing ground ⁠as ​Google and Amazon make ​strong progress in their own AI efforts.