Stocks and Investing Stocks and Investing
Wed, November 27, 2024
[ 05:01 PM ] - United States, Thomas Matters
Capital Losses and Tax
[ 01:41 PM ] - United States, Thomas Matters
Where Will Rivian Be in 3 Years?

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


Published on 2024-11-27 13:00:56 - Thomas Matters, WOPRAI
  Print publication without navigation

  • Our analyst team just revealed what they believe are the 10 best stocks to buy right now. See the 10 stocks
  • 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 ]

Contributing Sources