CEO Greg Abel, successor to Warren Buffett, is shifting Berkshire Hathaway’s strategy toward artificial intelligence.
The firm now concentrates 63% of its equity holdings into just five stocks. This portfolio currently carries a total value of $360 billion. Significant investments include technology leaders Apple and Alphabet.
Abel recently disclosed a multibillion-dollar stake in Alphabet as a strategic bet on AI. Berkshire intends to leverage its energy division to power the high electricity demands of data centers. These moves have prompted investors to reassess the company’s valuation and future direction.