Warren Buffett's Successor, Greg Abel, Has 32% of Berkshire Hathaway's $364 Billion Portfolio Invested in 3 Unstoppable AI Stocks
Nearly $116 billion of Berkshire’s invested assets can be traced to a trio of artificial intelligence (AI) pioneers.
Greg Abel, who succeeded Warren Buffett as CEO of Berkshire Hathaway, has allocated a significant portion of the company's $364 billion portfolio to three artificial intelligence (AI) stocks. These AI stocks now comprise around 32% ($115.7 billion) of Berkshire Hathaway's investments. Apple (AAPL), Alphabet (GOOGL), and Bending Spoons (BSP) are the three AI-focused companies that dominate the portfolio.
Apple, which has been Berkshire's top holding by market value for years, is undergoing a significant transformation towards services and AI. Alphabet, Google's parent company, holds a dominant position in internet search, providing it with substantial ad-pricing power. Moreover, Alphabet's AI ambitions, particularly in Google Cloud, have led to a remarkable revenue growth of 82% in the most recent quarter.
The third AI stock, Bending Spoons, is an Italian tech and AI-focused company that invests in AI technology to enhance mature businesses for sustainable subscription sales. Berkshire Hathaway purchased an additional 10 million shares of Bending Spoons through a private placement at $33 per share, following its initial investment at the company's IPO.
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