Stocks and Investing
Stocks and Investing
Wed, November 27, 2024
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Warren Buffett's AI Bets: 23.8% of Berkshire Hathaway's $298 Billion Stock Portfolio Is Held in These 2 Artificial Intelligence (AI) Growth Stocks
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- How is Buffett playing the AI revo
Warren Buffett, known for his skepticism towards technology investments, has nonetheless made significant bets on artificial intelligence (AI) through Berkshire Hathaway. According to the article, 23.8% of Berkshire Hathaway's $298 billion stock portfolio is invested in two AI-focused companies: Apple and Amazon. Apple, which Buffett has praised for its business model and customer loyalty, leverages AI in its products like the iPhone and through services like Siri. Amazon, on the other hand, uses AI extensively in its AWS cloud computing services, Alexa, and its logistics and recommendation systems. These investments reflect Buffett's confidence in the transformative potential of AI, despite his historical caution with tech stocks.
Read the Full MSN Article at [ https://www.msn.com/en-us/money/top-stocks/warren-buffett-s-ai-bets-23-8-of-berkshire-hathaway-s-298-billion-stock-portfolio-is-held-in-these-2-artificial-intelligence-ai-growth-stocks/ar-AA1uRuoN ]
Read the Full MSN Article at [ https://www.msn.com/en-us/money/top-stocks/warren-buffett-s-ai-bets-23-8-of-berkshire-hathaway-s-298-billion-stock-portfolio-is-held-in-these-2-artificial-intelligence-ai-growth-stocks/ar-AA1uRuoN ]
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