Reported 8 months ago
Warren Buffett, once averse to technology stocks, now holds 41% of Berkshire Hathaway's $332 billion portfolio in two AI growth stocks: Apple and Amazon. With a $135 billion stake in Apple, Buffett stands to benefit from the company's latest generative AI strategies unveiled at WWDC. Additionally, Berkshire holds $1.8 billion in Amazon, seeing the potential in the e-commerce giant's AI-powered cloud services. Despite selling some Apple shares, Buffett remains optimistic about both companies' future growth, especially with the accelerated adoption of generative AI technology.
Source: YAHOO