Warren Buffett holds $135 billion in AI stock, mainly Apple, showing potential growth

From Nasdaq: 2024-07-28 04:45:00

Warren Buffett’s success as an investor is legendary, with a portfolio worth $332 billion at Berkshire Hathaway. He champions sticking with great companies like Apple, which makes up 41% of his holdings, despite selling 100 million shares recently, likely for tax reasons. Buffett sees Apple as an exceptional business outperforming Coca-Cola and American Express.

Apple’s global sales, particularly in China and India, show potential for growth. Although first-quarter China sales were disappointing, recent data suggests a reversal with foreign smartphone sales increasing. India sales jumped 33% in the past 12 months, surprising investors. Apple’s success in these markets could lead to significant revenue growth.

Apple’s upcoming AI product, Apple Intelligence, may drive renewed demand for its products, especially among iPhone users. The company has waited to ensure its AI offering is top-notch, following its reputation for quality. With only the newest iPhones capable of using advanced features, Apple continues to innovate and set trends, making it a promising investment.

Investors are encouraged not to miss out on potentially lucrative opportunities with “Double Down” stock recommendations from experts. Historical data shows significant returns for companies like Amazon, Apple, and Netflix when the “Double Down” alerts were issued. Now could be the best time to invest in these promising companies before they soar.

American Express, an advertising partner of The Ascent, has no position in the stocks mentioned. The Motley Fool recommends Berkshire Hathaway and Apple. The views expressed are solely those of the author and may not align with those of Nasdaq, Inc.



Read more at Nasdaq: $135 Billion of Warren Buffett’s $332 Billion Portfolio Is in This Top Artificial Intelligence (AI) Stock