Warren Buffett's Big AI Bet

Sometimes it's better to be lucky than good. But the true greats like Warren Buffett are both. His holding company Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) began buying shares of iPhone maker Apple (NASDAQ: AAPL) in 2016. That investment has grown into the holding company's most significant position through sheer outperformance.

That's a heck of a stock pick.

Buffett didn't realize it then, but fast-forward seven years and artificial intelligence (AI) is revolutionizing the economy as we speak. And as luck would have it, Berkshire's largest position, a whopping $155 billion stake in Apple, has Berkshire positioned to benefit from all that AI has to offer.

Source Fool.com