Why Berkshire's Cash Pile Keeps Growing (and Which AI Stock It Might Buy Next)
Berkshire's record cash pile could set the stage for Greg Abel's biggest AI investment yet.
Overview
Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) is sitting on a mountain of money that keeps getting taller. The company ended its most recent quarter with a record of roughly $397 billion in cash and Treasury bills, up from about $348 billion a year earlier and just $129 billion three years ago.
That raises two questions worth exploring: Why does the pile keep growing, and where might new CEO Greg Abel finally put some of it to work, especially in artificial intelligence?
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Originally published at www.fool.com.
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