From Nasdaq: 2024-05-11 06:45:00

Warren Buffet, born in 1930, is the CEO of Berkshire Hathaway since 1965. His company has achieved a total return of 4,384,748% over 58 years. Although Buffett has not traditionally invested in newer trends like AI, Berkshire Hathaway now holds notable stakes in Amazon and Apple, companies heavily involved in AI initiatives.

Amazon, one of Berkshire Hathaway’s investments, boasts a $1.9 trillion valuation and is a leader in e-commerce, cloud computing, and AI. Amazon Web Services (AWS) is the largest cloud service provider globally and offers solutions in infrastructure, large language models, and customer-facing AI applications. AWS continues to innovate and expand its AI offerings.

Apple, another key Berkshire Hathaway investment, is a $2.8 trillion company known for its hardware products like the iPhone. Apple is also increasing its focus on AI, evident in the new Apple-designed A17 Pro chip to enhance AI processing capabilities. Rumors of partnerships with AI chatbot developers suggest Apple is eyeing further AI integration.

While Buffett has traditionally favored companies with dividends and stock buybacks, Berkshire Hathaway’s stake in Amazon and Apple reflect a shift towards tech companies involved in AI innovation. Both companies could potentially benefit from the ongoing AI revolution, making them attractive investments for Berkshire Hathaway.



Read more at Nasdaq: 40.2% of Warren Buffett’s $362 Billion Portfolio Is Invested in 2 Artificial Intelligence (AI) Stocks