For six decades, Warren Buffett has danced with Wall Street, not as a tumbler but as a man with a calculator and a cigar. His company, Berkshire Hathaway, hasn’t outperformed the S&P 500 every year since 1965. But nearly doubling the average annual return of that index over 60 years? That’s not dancing. That’s chess. With money. So it goes.
Some investors have tried to ride Buffett’s coattails, buying financial or consumer staples like a child clutching a security blanket. It worked, for a time. But now, even at 95-set to retire, never particularly tech-savvy-Buffett is betting on artificial intelligence. A man who once said, “Technology is like a loaded gun. You don’t know what to do with it,” now wagers $68 billion on two AI stocks. The universe is a comedy.
Artificial intelligence, that ghost in the machine, gives software the ability to decide without humans. To learn. To grow more efficient. PwC says AI could be worth $15.7 trillion by 2030. Buffett, ever the pragmatist, sees the future. Or maybe he just sees the money. Either way, he’s invested.
Apple: $65.3 billion of invested assets
Long before AI became Wall Street’s new obsession, Apple was already whispering to it. Predictive text, Siri-born in 2010. Not a leader in AI today? Perhaps. But a pioneer? Undoubtedly. At the 2024 Worldwide Developers Conference, Apple unveiled “Apple Intelligence,” a term that sounds like a corporate janitor’s name. Yet it powers Face ID, health monitoring, and writing tools. Buffett, who once called Apple “a great business,” now owns $65.3 billion of it. He must smile. Or calculate. We’ll never know.
Buffett’s love for Apple isn’t just about AI. There’s the share buyback-$796 billion repurchased since 2013. A financial act of cannibalism. And Apple’s customers? Loyal like goldfish to a bowl. Even as device sales lag, subscriptions bloom. Buffett, who once said, “Your goal is to purchase a dollar’s worth of assets for 40 cents,” must be pleased. Or perhaps he’s just tallying. So it goes.
Amazon: $2.3 billion of invested assets
Amazon, the online bazaar that sells everything except a cure for existential dread, hides its AI gold in AWS. Buffett, who once called Amazon “a company that deserves to be studied,” owns $2.3 billion of it. AWS, with 32% of the cloud pie, is where the magic happens. Generative AI, large language models-tools for businesses to customize their digital dreams. Buffett, who once said, “The best business to own is one with a wide moat,” sees the moat here. Or maybe he just sees the margins. Either way, he’s in.
AWS isn’t the only cash cow. Subscription services, advertising, NFL/NBA deals-Amazon’s ecosystem grows like kudzu. Buffett, who once said, “It takes 20 years to build a reputation and five minutes to ruin it,” must admire the durability. Or perhaps he’s just counting the zeros. So it goes.
Buffett’s bet on Apple and Amazon isn’t just about AI. It’s about moats, margins, and marginally sane buybacks. The Oracle of Omaha, that grumpy sage with a penchant for simplicity, has once again outmaneuvered the crowd. Whether it’s genius or luck? We’ll see. But until then, the game continues. 📈
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2025-09-15 11:23