Does Warren Buffett own any AI stocks?
Buffett owns two AI stocks in his Berkshire Hathaway portfolio. He has positions in six other AI leaders thanks to Berkshire subsidiary New England Asset Management. All eight AI stocks could deliver solid long-term returns, but three are the most likely big winners.
| Ticker | Company | Performance (Year) |
|---|---|---|
| NVDA | NVIDIA Corp | 221.39% |
| SYM | Symbotic Inc | 53.19% |
| UPST | Upstart Holdings Inc | 46.67% |
| PRCT | Procept BioRobotics Corp | 41.03% |
Over the coming year, investors should closely watch the development of AI legislation across individual states in the U.S. and elsewhere in the world. The most popular AI-focused stocks on the NYSE or the Nasdaq for March 2024 include AMD, Apple, NVIDIA, Amazon, and Intel.
- Saudi Arabia. Saudi Arabia is taking a significant step to secure its place as a leader in the industry. ...
- SoftBank. Masayoshi Son, the leader of SoftBank Group, has said he is committed to intensifying his investments in AI. ...
- Google. ...
- Meta. ...
- Microsoft. ...
- Intel. ...
- Insight Partners. ...
- Nvidia.
Buffett famously doesn't rush into hot "it" stocks, so Nvidia wouldn't typically be his cup of tea, according to Wedbush Securities tech analyst Dan Ives. "The value-centric model makes some of these AI names not in Warren's wheelhouse (for now)," Ives said.
One of these is SoundHound AI (NASDAQ: SOUN), and it can be purchased for under $5 a share. With SoundHound making the cut as one of Nvidia's top AI investments, is it a must-buy?
| Company (Ticker) | Sector | Market Cap |
|---|---|---|
| Nvidia (NVDA) | Technology | $1.91T |
| C3.ai (AI) | Technology | $2.53B |
| Meta Platforms (META) | Communication services | $1.23T |
| Data accurate as of April 19, 2024 |
Nvidia Corp.
High-end chipmaker Nvidia provides the massive processing power needed to run advanced AI applications. Nvidia was the best-performing stock in the entire S&P 500 in 2023, and it's largely due to the company's AI exposure.
Super Micro Computer (NASDAQ:SMCI) has been on an absolute tear this year, with the stock up more than 250% year-to-date already. The semiconductor stock has seen parabolic gains thanks to its leverage to the red-hot AI and machine learning trends.
AI Stock 12 Month Forecast
Based on 13 Wall Street analysts offering 12 month price targets for C3ai in the last 3 months. The average price target is $30.55 with a high forecast of $40.00 and a low forecast of $20.00. The average price target represents a 49.02% change from the last price of $20.50.
What AI company did Warren Buffett invest in?
Data cloud and analytics company Snowflake (NYSE: SNOW) is a unique Buffett AI stock in that it's the only one Berkshire Hathaway has been invested in since day one.
The United States and China demonstrate the best technical, financial, and social environment for AI growth, although the USA is far ahead. While these countries do not face stiff competition from other countries, many countries still have huge potential in the AI field.
- Microsoft.
- Alphabet.
- NVIDIA.
- Meta Platforms (Facebook)
- Tesla.
- IBM.
- Palantir.
- Mobileye.
- Apple (AAPL).
- Bank of America (BAC).
- American Express Co. (AXP).
- Coca-Cola Co. (KO).
- Chevron (CVX).
- Occidental Petroleum (OXY).
- Kraft Heinz (KHC).
- Moody's Corp. (MCO).
Given Buffett's aversion to gold, market watchers were understandably surprised when Berkshire Hathaway invested in Barrick Gold (TSX:ABX,NYSE:GOLD) in Q2 2020, paying around US$560 million for about 21 million shares of the major gold miner.
NASDAQ: INTC
Nvidia (NVDA 4.35%) has made a lot of millionaires over the last year as its share price skyrocketed 225%. The company rallied investors as it became the poster child for a boom in artificial intelligence (AI), snapping up an estimated 90% market share in AI chips.
SoundHound AI is a technologically advanced platform developed by SoundHound Inc., a company specializing in sound recognition and voice search. The primary focus of SoundHound AI is to enable computers and devices to comprehend and engage with sound, music, and voice inputs effectively.
Some of the notable companies included in our list of hot growth stocks to buy are Salesforce, Inc. (NYSE:CRM) and Advanced Micro Devices, Inc. (NASDAQ:AMD), as well as industry giants like NVIDIA Corporation (NASDAQ:NVDA) and Uber Technologies, Inc. (NYSE:UBER), among others listed below.
Consider investing in venture capital funds: Venture capital firms invest in startups and early-stage companies that are developing innovative technologies, including AI. These funds can provide exposure to a diversified portfolio of companies with high growth potential.
Microsoft, Apple, Nvidia, Alphabet, Amazon, and Meta Platforms are in the club now. All of them are artificial intelligence (AI) leaders. Here's the AI stock I think will be the next to join the $1 trillion club.
What company makes AI chips?
Which companies make AI chips? Nvidia dominates the AI chip manufacturing industry, but it faces competition from other major tech companies like Microsoft, Google, Intel, IBM and AMD.
- OpenAI.
- Google.
- IBM.
- Microsoft.
- NVIDIA.
- Amazon.
- Anthropic.
- Anduril.
| Company (ticker) | Analysts' consensus recommendation score | Analysts' consensus recommendation |
|---|---|---|
| Las Vegas Sands (LVS) | 1.47 | Strong Buy |
| UnitedHealth Group (UNH) | 1.48 | Strong Buy |
| Uber Technologies (UBER) | 1.49 | Strong Buy |
| Assurant (AIZ) | 1.50 | Strong Buy |
Nvidia has a conensus rating of Strong Buy which is based on 39 buy ratings, 2 hold ratings and 0 sell ratings. The average price target for Nvidia is $1,004.92. This is based on 41 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
| Company Name | LTP | % Change |
|---|---|---|
| Kanani Industries | 4 | -1.23 |
| Dynamic Cables Ltd | 448.1 | 1.86 |
| Hilton Metal Forging | 117.45 | 2.76 |
| Alok Industries | 27.8 | -3.14 |
