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Berkshire Hathaway’s New Era Under CEO Greg Abel
Berkshire Hathaway (NYSE: BRKA; BRKB), now led by CEO Greg Abel, has exited its positions in several stocks, including Amazon (NASDAQ: AMZN), as of the first quarter of 2023. Despite this, the company remains positioned to capitalize on the artificial intelligence (AI) sector through investments in key holdings such as Alphabet (NASDAQ: GOOGL) and Apple (NASDAQ: AAPL).
Berkshire Hathaway increased its stake in Alphabet by 204%, recognizing the company’s strong revenue model and growth potential in AI and cloud computing. Alphabet’s Google Cloud had a backlog valued at $460 billion at the end of Q1, nearly doubling quarter-over-quarter. Apple continues to be the largest holding in Berkshire’s portfolio, benefiting from a high-margin services segment and strong brand loyalty amidst increasing sales growth of its devices.
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