1 Warren Buffett Artificial Intelligence (AI) Stock to Buy Hand Over Fist (Hint: I'm Not Talking About Apple or Amazon)
Warren Buffett's portfolio features an AI stock hiding as a financial services opportunity.
Warren Buffett didn't become one of the most successful investors in history by owning growth stocks that carry outsize risk. Rather, he helped transform Berkshire Hathaway into a financial powerhouse by taking positions in globally recognized companies that generate steady cash flow.
One of Buffett's favorite industry sectors throughout his career has been financial services. By contrast, the Oracle of Omaha has rarely dabbled in the technology industry. For this reason, Buffett carries very little exposure to Wall Street's newest favorite opportunity, artificial intelligence (AI).
In my opinion, Apple and Amazon represent Berkshire's most direct exposure to AI. However, one of Buffett's longest-standing positions has been quietly transforming part of its business to feature AI -- and I think it's going overlooked.
