From Nasdaq: 2024-03-31 04:44:00

Warren Buffett praised artificial intelligence (AI) but expressed uncertainty about its benefits. Buffett’s investments in eight AI stocks, totaling $159 billion, have yielded impressive gains. Apple, Amazon, and Microsoft are among the companies in which Berkshire Hathaway holds significant stakes, with Apple expected to unveil new AI functionality soon.

Amazon’s efficient use of AI has been a key driver of success, with the adoption of generative AI expected to further boost its Amazon Web Services platform. Microsoft’s integration of AI models and growth in Azure cloud services have positioned it as a winner in the AI space.

Broadcom, NXP Semiconductors, Qualcomm, and IBM also feature in Buffett’s AI stock portfolio. These companies play critical roles in AI development across various industries, with strengths in custom AI accelerators and networking software, automotive and IoT chip technology, mobile phone technology, and cloud-based solutions.

Alphabet, though not directly owned by Berkshire Hathaway, features in NEAM’s portfolio. Despite some challenges in its AI endeavors, Alphabet remains a leader in the field and is rumored to be exploring partnerships with Apple for AI integration. Overall, Amazon, Microsoft, and Alphabet stand out as top picks for long-term investment in AI technology.

Investors considering Apple as a stock option should note that although Buffett holds a substantial stake in the company, it was not listed among the top 10 stock picks by Stock Advisor analysts. The service offers guidance on building a successful portfolio and has outperformed the S&P 500 significantly since 2002.



Read more at Nasdaq: Warren Buffett Has $159 Billion Invested in These 8 Artificial Intelligence (AI) Stocks