At one time, Berkshire Hathaway CEO Warren Buffett steered clear of technology stocks, citing his aversion to complex technology. However, a transformation has taken place over the years. Today, over 41% of Berkshire’s portfolio comprises two stocks poised to leverage the artificial intelligence (AI) revolution.

Image source: The Motley Fool.

Apple – Leading the Charge with AI Innovation

Apple, Berkshire Hathaway’s top AI stock, has seen significant investment from Buffett, with a stake of 789 million shares valued at around $135 billion. Apple recently unveiled “Apple Intelligence” at its Worldwide Developers Conference, showcasing a broad integration of generative AI across multiple product lines.

With the promise of enhanced Siri capabilities and a focus on user privacy, Apple seems poised for an upgrade “supercycle,” potentially driving a surge in iPhone sales, a move that could benefit Buffett and other investors alike.

Amazon – Seizing Opportunities with AI

Buffett’s Berkshire Hathaway now boasts a sizable $1.8 billion stake in Amazon. The e-commerce giant has a track record of utilizing advanced algorithms to improve its operations and offerings. Amazon’s AI-powered products on Amazon Web Services present a significant growth opportunity, particularly in the cloud computing sector.

Analyzing Investment Opportunities

While Berkshire’s reduction in Apple shares sparked concerns, Buffett reaffirmed his confidence in the tech giant. Amazon, despite recent challenges, retains its position as a dominant player in e-commerce and cloud services. The adoption of generative AI is on the rise, with potential economic impacts projected by McKinsey & Company.

With this landscape in mind, Buffett’s investments in these AI-driven stocks appear positioned for further growth.

Before investing in Apple or Amazon, prudent consideration should be given to their future outlook and the evolving AI landscape. The advent of generative AI technology and its potential impact on financial markets suggest that Buffett’s portfolio might be on the cusp of significant appreciation.

Investors buzzing about tantalizing potential recently found that Apple sat out of the top 10 stocks worth snatching. The captivating picks highlighted in this selection possess the ability to yield colossal returns in the years to come.

The Nvidia Marvel

Cast your memory back to April 15, 2005, when Nvidia gracefully sauntered onto this esteemed list. Imagine if you had ventured $1,000 into this gem at our suggestion – today, you’d be gazing at a staggering $794,196*!

Stock Advisor pledges investors an elementary yet effective roadmap to prosperity. Nestled within are assisting directives on how to craft a robust portfolio, frequently updated insights dispensed by seasoned analysts, and a stimulating duo of fresh stock suggestions gifted every month. This trusty Stock Advisor amenity has triumphantly surged past a whopping fourfold a typical S&P 500 return since the dawn of 2002*.

The Eagerly Awaited List

Explore the full list of these exceptional 10 stocks »

*Stock Advisor figures valid until June 10, 2024

Fun selector involves ex-Whole Foods Market helmsman, John Mackey, presently nestled under Amazon’s wing. On another end, Danny Vena sports stakes in both Amazon and Apple. Furthermore, bets wagered by The Motley Fool extend towards Amazon, Apple, and the stately Berkshire Hathaway. All tips and trades are carried out under the watchful eye of The Motley Fool’s disclosure policy.