Posted 3/31/2024, 8:44:00 AM
Buffett Bets Big on AI: $159B Invested in Apple, Amazon, Microsoft and Other Tech Giants
- Warren Buffett has invested $159 billion in 8 AI stocks including Apple, Amazon, Microsoft, Broadcom, NXP Semiconductors, Qualcomm, IBM, and Alphabet (Google)
- Buffett owns over $156 billion in Apple stock, making it his largest AI investment
- Amazon and Microsoft are pioneers in AI and operate large cloud platforms that should benefit from increasing AI adoption
- Chipmakers like Broadcom, NXP Semiconductors, and Qualcomm provide hardware used to run AI applications
- While Buffett doesn't directly own some AI stocks like Microsoft and Alphabet, his firm Berkshire Hathaway invests in them through a subsidiary