Alphabet and Apple Are Among Berkshire Hathaway's Top Holdings. Here's What That Tells Us About CEO Greg Abel's Investing Style in Tech Stocks.
Abel is following Warren Buffett's longstanding playbook of disciplined investing, but the conglomerate's portfolio is increasingly including tech stocks.
Overview
Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) reported its second-quarter results on Aug. 8. As is typical, there was not much commentary on why it did what it did -- it let its investments speak for themselves.
In that regard, two of the conglomerate's top five stock holdings, Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and Apple (NASDAQ: AAPL), are making a statement. Not only is Berkshire signaling a shift regarding its comfort level with tech stocks, but it's also offering an indication of how new CEO Greg Abel thinks when it comes to artificial intelligence (AI) stocks.
Image source: The Motley Fool.
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Originally published at www.fool.com.