Although Warren Buffett has never been a huge fan of trends in technology, as evident in his stance toward the cryptocurrency industry, as much as half of his investment portfolio comprises the three stocks that are following one of the biggest technology hypes in recent history – artificial intelligence (AI).
Indeed, 50.75% of the $313 billion-worth portfolio by Buffett’s hedge fund Berkshire Hathaway (NYSE: BRK.A) belongs to the stocks of technology giants heavily involved with AI that managed to survive the company’s portfolio reshuffle from earlier this year.
#1 Apple (AAPL)
Specifically, the largest part of this portfolio, or 50.04% of it, belongs to Apple (NASDAQ: AAPL). According to the latest information, Berkshire Hathaway owns 915.56 million Apple shares, worth $179.18 billion, as their current price stands at $195.71, up 0.74% on the day, 2.3% across the week, and 7.29% in the last month, as per data on December 11.
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Notably, Apple has been focusing on introducing AI into its popular products for quite some time, as many of the novel features in the new iOS and WatchOS rely on AI to function, and the company is testing its own generative AI bot inspired by the popular ChatGPT platform.
#2 Amazon (AMZN)
Despite not making a presence as impressive as that of Apple, Amazon (NASDAQ: AMZN) is still there with 0.41% of Berkshire Hathaway’s total stock holdings, which include 10 million Amazon stocks, currently valued at $1.47 billion as the price of the AMZN is $147.42, up 0.37% on the day, 0.27% over the week, and 4.85% on its weekly chart.
As a matter of fact, the prominent retailer and cloud service provider has developed advanced AI for its Alexa voice assistant and introduced the technology in areas like product recommendation, supply chain management, and logistics, which has helped its bottom line.
#3 Snowflake (SNOW)
Another AI-oriented stock owned by Berkshire Hathaway is Snowflake (NYSE: SNOW), which comprises 0.30% of the company’s portfolio or 6.13 million stocks, presently worth $1.17 billion, as its price advanced 1.80% on the day, 2.50% in the week, and 21.95% across the month, to its current amount of $190.67.
It is important to note that AI is an essential part of Snowflake’s operations, which include collecting unorganized data from companies into ‘data lakes,’ as AI helps it handle this information and produce insights, eliminating the requirement for the clients to invest in their own storage and processing.
AI stocks in portfolios
All things considered, Warren Buffett may not have intended to be so heavily invested in AI stocks, but with the way technology is evolving, AI is becoming an irreplaceable part of operations of many companies, making it difficult to avoid when buying these businesses’ shares.
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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
