Warren Buffet has invested more than 50% in these 2 AI Stocks
According to Statista, the AI market size is projected to increase from $242 billion in 2023 to almost $740 billion by 2030.
This is why Warren Buffet, through Berkshire Hathaway, has concentrated over half of his investment in these two AI-driven companies.
Apple Inc. forms a whopping 51% of Berkshire Hathaway's portfolio. Apple's services segment, with its high-profit margins, is a key player in AI.
APPLE (APPL)
01.
With a consistent operating profit margin above 24% and revenues of $383 billion, Apple is a major AI contender.
01.
Amazon may only be 4% of Buffett's portfolio, but its impact in AI is significant.
AMAZON (AMZN)
02.
With net sales up by 133% to $143 billion and operating income rising fivefold, Amazon's AI capabilities, especially through AWS, are formidable.
02.
For investors, Apple's current price-to-earnings ratio of 29.8 suggests hold. And, Amazon's forward price-to-earnings ratio points to long-term growth.