From Nasdaq: 2024-06-13 14:27:38

Warren Buffett, legendary investor and Berkshire Hathaway chair, has largely avoided tech sectors like AI, comparing it to nuclear bombs. His investment strategy focuses on sectors within his “circle of competence,” leading him to miss out on sectors like EVs and cryptocurrencies. Despite this, Berkshire holds a significant stake in Apple, which is making strides in AI technology. Apple recently saw a surge in market cap and regained its position as the world’s largest company after focusing on AI features in its products. While Buffett may have overlooked the AI rally, Berkshire inadvertently holds exposure to the sector through its investment in Apple.



Read more at Nasdaq: Is Warren Buffett Really Missing Out on the AI Boom?