Posted 1/25/2024, 1:00:00 PM
Buffett Bets Big on Apple and Amazon as AI Powers Tech Giants' Future Growth
- 48.5% of Berkshire Hathaway's $365 billion portfolio is invested in Apple and Amazon stocks
- Apple accounts for 48% ($175 billion) of the portfolio; Berkshire owns over 915 million Apple shares
- Apple has advantages in AI from its massive user base and data that can train AI systems
- Amazon's AWS cloud business and digital ads stand to benefit from the rise of AI
- Amazon's retail business can also utilize AI to increase warehouse automation and delivery efficiency
- Buffett changing his historically anti-tech stance with large investments in Apple and Amazon stocks