Warren Buffett's AI Bets: 24% of Berkshire Hathaway's $304 Billion Stock Portfolio Is Held in These 2 Artificial Intelligence (AI) Growth Stocks

It's not exactly a secret that Warren Buffett's never been a big fan of tech stocks. He's simply heeding his own advice to "never invest in a business you cannot understand." He doesn't know enough about most technologies to determine how marketable they are, or how well-defended they are from competition.And he's proven as much in his otherwise-impressive past. For instance, back in 2011, Buffett steered Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) into a decent-sized stake in IBM (NYSE: IBM), which performed well enough shortly thereafter. We now know, however, that IBM just wasn't ready for the de-emphasis of personal computing workstations and the rise of cloud computing and mobility.By 2018, Berkshire had dumped its entire stake in the then-slumping stock. Lesson learned.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool