Posted 1/3/2024, 12:30:00 PM
Buffett's Berkshire Owns $100B+ of Apple, Betting on Tech Giant's Strong Finances and Growth Despite Big AI Investment
- 47% of Warren Buffett's Berkshire Hathaway portfolio is invested in Apple stock
- Apple is investing heavily in AI to improve products/services like Siri, Face ID, chips
- Apple's strong financials (high liquidity, net income, free cash flow) allows more AI investment
- Berkshire likely values Apple for financial strength rather than its AI specifically
- Apple stock has gained 50% in past year; trades at lower P/E ratio than big tech peers