Billionaire Ackman still likes the market at current levels after practically picking the recent wartime bottom.

“I think this is one of the great moments to be alive, to be an American at a time of incredible technological change,” Ackman said on Yahoo Finance’s Opening Bid (video above).

“Obviously, there’s risk with AI, but I’m seeing all of the use cases in healthcare and automation and productivity, and it’s going to create the opportunity for every citizen to basically be an entrepreneur, be able to build things, write software,” he added. “I think it’s going to lead to an acceleration in economic growth. And we have other accelerants, all of this capex spending in connection with the AI build. We have a tax bill that highly incentivizes investment. We have a president that’s the most pro-business president we’ve ever had. … So I think there are a lot of reasons to be bullish on the country.”

Ackman made his most definitive statement to ignore the bears and the “mainstream media” regarding the Iran War on March 30.

In a high-profile post on X, Ackman characterized the conflict as “one of the most one-sided wars in history” and predicted it would eventually yield a massive “peace dividend” for the global economy once it concludes.

The S&P 500, in fact, hit its near-term low on March 30.

Read more: How to protect your money during turmoil, stock market volatility

He is banking on the bullish backdrop to continue for the foreseeable future.

The dual IPO of asset manager Pershing Square (PS) and his closed-end fund Pershing Square USA (PSUS) hauled in $5 billion in its debut on Wednesday, toward the low end of his original $5 billion to $10 billion target. Institutional investors covered 85% of the deal.

But Pershing Square USA plunged 18% in its debut on the New York Stock Exchange.

It closed at $40.90 per share on Wednesday, below the $50 price. Shares of the asset manager Pershing Square Inc. ended at $24.20, about 1% above their opening price.

The combined offering gives one free share of Pershing Square for every five shares of Pershing Square USA purchased. The two will trade separately under their own tickers. The IPO included a private placement that has locked in $2.8 billion from family offices and pension funds.

Brian Sozzi is Yahoo Finance’s Executive Editor and a member of Yahoo Finance’s editorial leadership team. Follow Sozzi on X @BrianSozzi, Instagram, and LinkedIn. Tips on stories? Email brian.sozzi@yahoofinance.com.

Click here for in-depth analysis of the latest stock market news and events moving stock prices

Read the latest financial and business news from Yahoo Finance