Warren Buffett's Berkshire Hathaway Has Barely Touched AI Stocks. This 1 Subsidiary Is a Backdoor AI Winner
Warren Buffett may have skipped most AI stocks, but Berkshire Hathaway still has a surprising backdoor play on the AI boom hiding in its massive utility business.
Overview
Warren Buffett built Berkshire Hathaway (NYSE: BRKB) by avoiding things he did not understand, and for the most part, that has kept the company on the sidelines of the AI stock frenzy.
Yet Berkshire may have more AI exposure than it appears, and it comes from an unlikely place: not a chipmaker, but one of its wholly owned subsidiaries, Berkshire Hathaway Energy. This sprawling collection of regulated utilities is quietly turning into a backdoor winner of the artificial intelligence boom.
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Originally published at www.fool.com.
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