Buffett Wouldn't Buy AI Yet -- but These 2 Artificial Intelligence (AI) Stocks Fit His Playbook
Warren Buffett, as chairman, has helped Berkshire Hathaway's portfolio grow to more than $258 billion -- and it's even beaten the S&P 500 index along the way. Berkshire Hathway has delivered a compounded annual gain of more than 19% over 59 years, while the benchmark has registered a 10% gain over that time period. This isn't thanks to investing in the latest technologies or hot trends but rather to choosing a variety of quality companies in often slower-moving industries, such as consumer goods or financial services.But this doesn't mean you can't apply Buffett's techniques and investing principles to an area he wouldn't necessarily dive into today, such as artificial intelligence (AI). In fact, it's a fantastic idea to consider AI stocks that fit Buffett's playbook, as we know that elements this top investor looks for often lead to investing success.Now the ironic thing about the following two stocks is they actually are ones Buffett owns. But it's key to point out he didn't buy them as AI investments -- he picked up shares of each well before the AI boom -- and I wouldn't expect Buffett to scoop up any stock as an AI bet just yet. But if the billionaire were to change his mind and start shopping for AI players, he probably would add to his holdings of the following two companies.Continue reading
Warren Buffett, as chairman, has helped Berkshire Hathaway's portfolio grow to more than $258 billion -- and it's even beaten the S&P 500 index along the way. Berkshire Hathway has delivered a compounded annual gain of more than 19% over 59 years, while the benchmark has registered a 10% gain over that time period. This isn't thanks to investing in the latest technologies or hot trends but rather to choosing a variety of quality companies in often slower-moving industries, such as consumer goods or financial services.
But this doesn't mean you can't apply Buffett's techniques and investing principles to an area he wouldn't necessarily dive into today, such as artificial intelligence (AI). In fact, it's a fantastic idea to consider AI stocks that fit Buffett's playbook, as we know that elements this top investor looks for often lead to investing success.
Now the ironic thing about the following two stocks is they actually are ones Buffett owns. But it's key to point out he didn't buy them as AI investments -- he picked up shares of each well before the AI boom -- and I wouldn't expect Buffett to scoop up any stock as an AI bet just yet. But if the billionaire were to change his mind and start shopping for AI players, he probably would add to his holdings of the following two companies.
