Main financial assets discussed in the article:
1. Stocks: The article discusses various stocks held in Berkshire Hathaway's portfolio, including Apple Inc., Bank of America, American Express, Coca-Cola, Chevron, and many others.
2. Warrants: Berkshire Hathaway holds warrants in companies like Occidental Petroleum and Bank of America.
3. Tracking stocks: Berkshire Hathaway holds tracking stocks in companies like Liberty SiriusXM Group and Liberty Media Formula One.
Top 3 key points:
1. Berkshire Hathaway's 13F stock portfolio value increased from ~$325B to ~$348B in Q2 2023.
2. Berkshire Hathaway repurchased ~3.92M Class B Equivalent Shares for a total outlay of ~$1.30B in Q2 2023.
3. Berkshire Hathaway made new stakes in companies like D.R. Horton Inc., NVR Inc., and Lennar Corp, while reducing stakes in companies like McKesson Corp, Marsh & McLennan, and Activision Blizzard.
Recommended actions:
- **Buy**: The article does not explicitly recommend any buy actions.
- **Sell**: The article mentions stake disposals in McKesson Corp, Marsh & McLennan, and Activision Blizzard, indicating a possible sell action.
- **Hold**: The article mentions that Berkshire Hathaway has held large stakes in American Express and Coca-Cola "permanently," suggesting a hold action for these stocks. The article also mentions that Berkshire Hathaway's cost-basis on General Motors is ~$31, while the stock currently trades at ~$34, indicating a hold action.
Ark Invest, a tech-focused asset manager, suggests that major tech stocks like Apple, Alphabet, Microsoft, and Nvidia may not be the strongest beneficiaries of the AI revolution due to high valuations and risk of disruption, instead highlighting lesser-known opportunities such as Replit and Twilio.
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Intel and International Business Machines (IBM) are two AI stocks that haven't won over investors yet, but they have the potential for significant growth due to their focus on AI technologies and the opportunities presented by the surge in demand for AI accelerators.
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Artificial intelligence (AI) is the next big investing trend, and tech giants Alphabet and Meta Platforms are using AI to improve their businesses, pursue growth avenues, and build economic moats, making them great stocks to invest in.
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