Warren Buffett has 41% of Berkshire Hathaway's portfolio in Apple and Amazon for AI growth.

From Nasdaq.: 2024-06-15 04:07:00

Warren Buffett has shifted his stance on investing in technology stocks, with 41% of Berkshire Hathaway’s equity portfolio now made up of Apple and Amazon, two stocks poised to benefit from the AI revolution. Apple recently introduced “Apple Intelligence” to integrate generative AI functionality into its products, leading analysts to predict an upgrade “supercycle” for the company. Amazon, another AI stock in Berkshire’s portfolio, is also emerging from recent challenges and remains a strong buy in the e-commerce and cloud infrastructure space. Analysts predict the economic impact of generative AI could range from $2.6 trillion to $4.4 trillion in the future, suggesting that Buffett’s stake in these AI stocks could become even more valuable.



Read more at Nasdaq.: Billionaire Investor Warren Buffett Has 41% of Berkshire Hathaway’s $332 Billion Portfolio in 2 Unstoppable Artificial Intelligence (AI) Growth Stocks