Berkshire Bets Big on Apple, Amazon, and Snowflake for AI Growth
• Warren Buffett's Berkshire Hathaway has made big bets on Apple (47.2% of portfolio), Amazon, and Snowflake for exposure to artificial intelligence • Apple has advantages in AI due to massive user base and data that can feed algorithms; early mover in voice assistants • Amazon Web Services leading in cloud infrastructure to support AI development; AI can boost margins of e-commerce business • Snowflake's platform helps organizations analyze data across cloud providers, crucial for AI apps • Snowflake expects massive growth, going from $2.65B revenue in 2024 to $10B in 2029, making it a potentially explosive Berkshire holding