Is investing the key to getting rich? At least, that’s the opinion of one of the most famous men in the world of finance. And he recommends betting on these 5 stocks from companies embracing AI.
Everyone knows Warren Buffet. This man made his fortune with these effective investment strategies. As head of Berkshire Hathaway, his conglomerate made a average annual profit of +19.8% for over half a century. Admittedly, this financial specialist does not base his investment decisions on artificial intelligence. However, the growth of today’s companies is particularly based on technological innovation. And these companies are among Berkshire Hathaway’s investment areas. These AI-boosted stocks should pay off handsomely.
Multinationals that have embraced artificial intelligence
Coca-Cola has always been one of the most prolific companies on the planet.. Its shares are a logical part of Warren Buffet’s investment company. And the beverage giant’s profitability is set to double in the near future. That’s becauseits marketing department has used artificial intelligence to generate a marketing campaign. This short video, entitled Masterpiece, won over the target audience. AI also established the formula for the new Coca-Cola Y3000 Zero Sugar soda. The tool analyzed consumer preferences. Coca-Cola’s stock performance will then be able to focus on the AI’s performance.
Amazon also features in this list. This company has invested $4 billion in Anthropic. This generative AI start-up is expected to train Amazon’s data processing chips. And it will rely on AWS (Amazon Web Service) for cloud storage. Berkshire Hathaway seized the opportunity to buy shares in Amazon.
Apple finishes the ranking. This is Warren Buffet’s flagship investment. As always, AI is the key to shareholder profitability. The Apple brand has multiplied its profits with the CPU A17 Pro the iPhone 15 PRO. And Siri, Apple’s voice assistance servicealso makes its contribution to the company.
A promising company stands out among its competitors
Snowflakeone of the emerging companies in the high-tech world has attracted the attention of Berkshire Hathaway. It also focuses on cloud computing services. Within a few years, Snowflake could become an industry benchmark. And stock performance is based on AI.
The company recently joined the Nvidia’s NeMo software. Developers will now be able to create their own language models thanks to this innovation. In addition, the acquisition of Neeva facilitates the task of employees. They can analyze the data without any technical expertise. Last but not least, Document AI accelerates all information analysis procedures within the company.
Let’s not forget the financial giants
Banks have continued to be benchmark investment areas for years. What if this profitability of equities combines with AI performance? Warren Buffet’s company has understood the stakes of this collaboration. Indeed, Bank of America recently announced a new voice assistance. This AI, called Erica, will facilitate exchanges between customers. Quality of service will also be improved in the near future. And investors are looking forward to a considerable increase in sales.