Warren Buffett's Overlooked AI Race Pick
Alphabet's fundamentals position it better for potential AI market volatility.
Warren Buffett, known for his polite demeanor, recently expressed his positive view of Alphabet during a CNBC interview. Buffett, who manages Berkshire Hathaway, revealed that he initiated the company's position in Alphabet and fully supported Greg Abel in building the investment to 106 million shares, valued at approximately $35.5 billion at the time of writing.
When asked about Alphabet and other hyperscalers, Buffett stated that they "didn't have any choice." They found themselves in a situation where they had to alter their business models to cater to customer demands.
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- Warren Buffett's Overlooked AI Race Pick nasdaq.com
