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Berkshire Hathaway Doesn't Hold Nvidia Stock
Warren Buffett has generally steered clear of technology investments, though his Berkshire Hathaway has acquired stakes in Apple and Amazon in recent years, well after those stocks had posted significant gains. Will the Oracle of Omaha regret not investing earlier in current tech darling Nvidia?
Warren Buffett's Berkshire Hathaway as of the end of 2023 had no stake in Nvidia, a company at the center of rising investor enthusiasm about growth opportunities related to artificial intelligence. It’s likely because taking a position in the chipmaker— fueled by excitement surrounding opportunities tied to artificial intelligence —would go against the fundamental principles of investing that the chief executive officer of Berkshire Hathaway espouses. In his annual letter to shareholders, released last Saturday, the Oracle of Omaha said Berkshire seeks “to own either all or a portion of businesses that enjoy good economics that are fundamental and enduring.”
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