Greg Abel’s $64 Billion AI Bet on Apple, Amazon, and Alphabet

Warren Buffett may no longer be leading Berkshire Hathaway, but artificial intelligence is still playing a major role in the company’s future. After Buffett retired as CEO on Dec. 31 following roughly six decades at the helm, Greg Abel took over responsibility for Berkshire’s $313 billion investment portfolio. That handoff also included major exposure to AI through three key holdings: Apple, Alphabet, and Amazon. Together, those positions represent about $64 billion in invested assets, showing that even a company long associated with Buffett’s cautious investing style is now deeply tied to the AI economy.

The largest of those investments is Apple, which accounts for $57.9 billion of Berkshire’s AI linked holdings. Although Buffett long viewed Apple more as a consumer products company than a traditional technology stock, the company’s future is increasingly connected to artificial intelligence. Apple introduced Apple Intelligence in June 2024, bringing generative AI features directly into its devices. These tools include photo editing through Clean Up, text summarization, custom emoji creation, and deeper Siri integration with ChatGPT. Apple has also continued expanding its subscription services business, a strategy that could improve profit margins, strengthen customer loyalty, and reduce the revenue swings tied to iPhone upgrade cycles.

Even though some critics see Apple as an AI laggard, the company has a major advantage that its rivals do not: distribution. In its latest earnings update, CEO Tim Cook said Apple now has more than 2.5 billion active devices in use around the world. That enormous installed base gives the company a powerful platform for rolling out AI features directly to consumers at scale. Apple also has not matched the huge capital spending of some competitors, with just $2.4 billion in capital expenditures in its latest fiscal quarter, and its more advanced AI powered Siri update has reportedly been delayed. Still, the iPhone remains Apple’s core strength, generating 59% of revenue in the latest fiscal quarter as sales jumped 23% to $85.3 billion. As long as the iPhone remains the main gateway to the internet for consumers, Apple is unlikely to fall far behind in the AI race.

Alphabet is Berkshire’s second major AI related holding, with a stake that has grown to $5.5 billion after Buffett first opened the position in the third quarter of 2025. While Google search remains dominant, much of Alphabet’s AI potential is now tied to Google Cloud. The company has been aggressively integrating generative AI and large language model capabilities into its cloud platform, helping drive 48% sales growth in the December ended quarter. Because cloud infrastructure tends to generate higher margins than advertising, this gives Alphabet a strong profit opportunity as AI demand expands. The company has also returned enormous value to shareholders, repurchasing $346 billion of its stock since 2016.

Amazon, though a much smaller Berkshire holding at $490 million, remains another meaningful part of Abel’s AI linked portfolio. Even after Buffett cut 77% of Berkshire’s Amazon position in his final quarter as CEO, the company still offers significant AI exposure through Amazon Web Services. AWS accounts for nearly a third of global cloud infrastructure spending and has been adding generative AI and large language model tools to its services. That helped drive 24% constant currency sales growth in the fourth quarter and lifted AWS to a $142 billion annual revenue run rate. Amazon also looks historically inexpensive relative to its projected future cash flow, with shares trading at 9.9 times forecast cash flow in 2027, far below the median multiple investors paid during the 2010s.

Taken together, these three holdings show that Berkshire Hathaway’s future under Greg Abel is more connected to artificial intelligence than many might expect. Apple brings unmatched consumer reach, Alphabet offers fast growing AI cloud services, and Amazon combines e commerce leadership with cloud scale. Buffett may have built his legacy by avoiding flashy trends, but the portfolio he left behind suggests Berkshire is still positioned to benefit from one of the biggest technological shifts in decades. Under Abel, those investments could become an important bridge between Buffett’s disciplined philosophy and Wall Street’s AI driven future.

Works Cited

Patel, Neil. “2.5 Billion Reasons This Top Warren Buffett Stock Isn’t an Artificial Intelligence (AI) Laggard.” The Motley Fool, 23 Mar. 2026, www.fool.com/investing/2026/03/23/billion-reasons-warren-buffett-stock-ai-laggard/. 

Williams, Sean. “Warren Buffett’s Successor, Greg Abel, Has $64 Billion of Berkshire Hathaway’s Assets Invested in 3 Unstoppable AI Stocks.” Yahoo Finance, 23 Mar. 2026, finance.yahoo.com/markets/stocks/articles/warren-buffetts-successor-greg-abel-092600317.html. 

Williams, Sean. “Warren Buffett’s Successor, Greg Abel, Has $64 Billion of Berkshire Hathaway’s Assets Invested in 3 Unstoppable AI Stocks.” The Globe and Mail, 23 Mar. 2026, www.theglobeandmail.com/investing/markets/stocks/AMZN/pressreleases/892899/warren-buffett-s-successor-greg-abel-has-64-billion-of-berkshire-hathaway-s-assets-invested-in-3-unstoppable-ai-stocks/. 

Bursztynsky, Jessica. “Warren Buffett’s Successor Greg Abel Is Wooing Shareholders.” CNBC, 5 May 2023, www.cnbc.com/2023/05/05/warren-buffetts-successor-greg-abel-is-wooing-shareholders.html.  

“Introducing Apple Intelligence for iPhone, iPad, and Mac.” Apple Newsroom, 11 June 2024, www.apple.com/id/newsroom/2024/06/introducing-apple-intelligence-for-iphone-ipad-and-mac/.