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Berkshire Hathaway will transition to new leadership in 2024 as Warren Buffett steps down, with Greg Abel poised to take over as CEO. This marks a significant shift for the company after decades of Buffett’s stewardship. Although daily operations may not change drastically, potential adjustments to Berkshire’s investment portfolio are expected.
Key potential stock additions under Abel’s leadership include Microsoft, Enbridge, and Nvidia. Microsoft generated over $270 billion in revenue and nearly $97 billion in profit in the past year, showcasing a robust position in AI and cloud computing. Enbridge, a top oil and gas firm in Canada, is expected to exceed financial guidance for the 20th consecutive year, with revenues nearing 61 billion CAD. Lastly, Nvidia, a leader in AI chips, reported a profit of $77 billion on $149 billion in revenue over the past four quarters, presenting a strong growth opportunity for the portfolio.
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