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Warren Buffett Made a $19.8 Billion Bet and It's Not on AI [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
But he didn't buy shares of his largest position Apple (NASDAQ: AAPL) , or his longtime holding Bank of America (NYSE: BAC) , or one of his other artificial intelligence (AI) picks Amazon (NASDAQ: AMZN) . In fact, he sold more that 7 million shares of each of those. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » And instead of putting the money into another AI company, he picked up more than 8 million shares of a different company in one of his longtime favorite industries: oil. Here's how Buffett made one of his last plays into one of his best. Image source: The Motley Fool. Buffett's bad buy? Buffett's surprise investment was in oil major Chevron (NYSE: CVX) . He spent more than $1 billion to bring Berkshire Hathaway's total position in Chevron up to $19.8 billion. This was a bold move for Buffett, b
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