Posted 1/3/2024, 12:30:00 PM
Buffett's Berkshire Bets Big on Apple's AI Ascendance, Raking in Returns
- 47% of Warren Buffett's Berkshire Hathaway portfolio is invested in Apple stock
- Apple is increasingly utilizing AI across its products and services
- Apple has a virtuous cycle of using its substantial free cash flow to fund more AI R&D
- Berkshire's large stake in Apple is likely due to its financials, not its AI specifically
- Apple stock has done well, rising 50% in 2023, though its P/E is still reasonable compared to tech peers