Berkshire Hathaway Has 28% of Its Portfolio in These 3 Warren Buffett-Approved AI Stocks
Key takeaways
- BRK-B NVDA Warren Buffett has never been a big technology stock investor.
- "I would say I understand fewer of the businesses as a percentage of the whole than I did 10 years ago," he said in a recent interview.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
BRK-B NVDA Warren Buffett has never been a big technology stock investor. He stuck to companies he understood, and that served him and Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) investors well during his 60-year tenure as CEO. But that also led him to fall behind a bit in recent years, by his own admission.
"I would say I understand fewer of the businesses as a percentage of the whole than I did 10 years ago," he said in a recent interview. "I have not learned new industries for some years." Nonetheless, he oversaw the purchase of three stocks closely tied to the largest technology trend in recent history: artificial intelligence.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »