U.S. billionaire hedge fund managers Bill Ackman and Daniel Loeb took opposing positions on Microsoft and Alphabet in the first quarter, a filing-based report showed. Ackman’s Pershing Square built a new Microsoft stake of about 5.65 million shares worth roughly $2.09 billion, while Loeb’s Third Point sold its entire Microsoft holding and added about 175,000 Alphabet shares. The split is linked to differing views on AI investment and valuation.

Bitcoin may be able to build a base around $65,000, an analysis said, as much of the selling pressure has been absorbed after short-term speculative funds left the market. Fidelity Investments\' Jurrien Timmer called the current price action technically interesting and pointed to $65,000 as strong support. He said markets are pricing in a possible resolution to tensions involving Iran, while warning that a worst-case hit to Gulf energy infrastructure could amplify shocks.