Berkshire Is Selling Apple Stock and Buying This Other Magnificent Artificial Intelligence (AI) Stock Instead
Berkshire Hathaway, led by Warren Buffett, is selling its Apple stock, reducing its position by 73% since late 2023, and reallocating funds into Alphabet (Google) stock. This shift comes as the AI sector gains momentum, with Buffett's strategy reflecting a cautious approach to the frothy market. Alphabet has been enhancing its AI capabilities, integrating its LLM, Gemini, and investing in hardware for cloud computing. Notable investors are increasingly backing Alphabet, indicating potential for significant valuation growth in the coming years.
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