Warren Buffett's Berkshire Hathaway sees solid gains with tech stocks Apple and Amazon

From Nasdaq: 2024-04-03 04:15:00

Berkshire Hathaway, owned by investing mogul Warren Buffett, has a market cap of $909 billion, making it the world’s eighth-most-valuable company. The company’s portfolio has seen a nearly 20% compound annual gain since 1965, with at least 45% dedicated to tech stocks Apple and Amazon.

Amazon, a top holding in Berkshire Hathaway’s portfolio, is poised for growth as the e-commerce market expands. Amazon Web Services (AWS) revenue grew 13% in 2023, contributing 54% of the company’s operating income. Analysts project Amazon’s stock price to rise by 67% by fiscal 2026, making it a strong long-term investment.

Apple, Berkshire Hathaway’s largest holding, showed recovery signs in its 2024 first quarter after a challenging fiscal 2023. With strong free cash flow and a focus on high-growth sectors like AI and VR/AR, Apple remains a valuable investment. The company’s stock is a bargain compared to its peers, making it an attractive buy for investors.



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