From Nasdaq: 2024-11-12 07:00:00

Berkshire Hathaway and Warren Buffett have some exposure to artificial intelligence (AI) investing through companies in their portfolio. Amazon is one such company, with Berkshire owning 10 million shares valued at $2 billion, making up 0.7% of their total portfolio. AWS, Amazon’s cloud computing wing, is a key player in the AI trend, with revenue up 19% year over year to $27.5 billion in Q3.

AWS’s growth is driving Amazon’s profitability, with a 38% operating margin. Despite the stock trading at 34 times 2025 earnings, Amazon remains a solid investment due to its AI tailwinds and improving profitability. Analysts are bullish on Amazon’s future growth potential, making it a lucrative opportunity for investors.

The Motley Fool’s expert team issues “Double Down” stock recommendations for companies about to pop. Investing $1,000 in Amazon, Apple, or Netflix when recommended could have yielded significant returns. Currently, “Double Down” alerts are available for three companies, offering investors another chance to capitalize on potential growth opportunities.



Read more at Nasdaq: 1 Surprising Artificial Intelligence (AI) Stock Warren Buffett’s Berkshire Hathaway Owns