Billionaire Warren Buffett's Artificial Intelligence (AI) Investing Strategy May Surprise You
Warren Buffett isn't known for his tech investing. For decades, he famously avoided the sector. This caused him issues during the dot-com bubble when tech stocks were soaring in value. But when that bubble popped, Buffett looked like a genius. In recent years, artificial intelligence (AI) stocks have led the market higher. Many of the world's most valuable companies are heavily exposed to AI tailwinds. This time around, however, Buffett isn't sticking to the sidelines. In fact, he has several multibillion-dollar bets on AI's growth.Right now, Buffett's holding company, Berkshire Hathaway, has several big investments in companies that are exposed to the AI revolution. Interestingly, none of these are pure plays on AI. That is, Buffett isn't necessarily betting on AI directly through these investments. Instead, he has allocated capital to businesses that generate most of their revenue from other sources, but undoubtedly have a ton of exposure to AI.Continue reading
Warren Buffett isn't known for his tech investing. For decades, he famously avoided the sector. This caused him issues during the dot-com bubble when tech stocks were soaring in value. But when that bubble popped, Buffett looked like a genius.
In recent years, artificial intelligence (AI) stocks have led the market higher. Many of the world's most valuable companies are heavily exposed to AI tailwinds. This time around, however, Buffett isn't sticking to the sidelines. In fact, he has several multibillion-dollar bets on AI's growth.
Right now, Buffett's holding company, Berkshire Hathaway, has several big investments in companies that are exposed to the AI revolution. Interestingly, none of these are pure plays on AI. That is, Buffett isn't necessarily betting on AI directly through these investments. Instead, he has allocated capital to businesses that generate most of their revenue from other sources, but undoubtedly have a ton of exposure to AI.
