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Buffett Wouldnt Buy AI Yet--but These 2 Artificial Intelligence AI Stocks Fit His Playbook

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  Warren Buffett, as chairman, has helped Berkshire Hathaway's portfolio grow to more than $258 billion -- and it's even beaten the S&P 500 index along the way. Berkshire Hathway has delivered a compounded annual gain of more than 19% over 59 years,

Warren Buffett, at the Berkshire Hathaway annual meeting, expressed skepticism about investing in AI companies at their current valuations, stating he wouldn't buy them even if he understood the technology better. He highlighted the high expectations and valuations of AI stocks, suggesting that the market might be overhyping the technology's short-term impact. Buffett emphasized his preference for investing in businesses he thoroughly understands, and while he acknowledges AI's potential, he believes the frenzy around it might lead to a bubble. He also noted that AI's transformative effects might take longer to materialize than what current market enthusiasm suggests.

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