3 Non-Buffett Tech Stocks That Would Match Warren Buffett's Philosophy
Ideas about the Warren Buffett portfolio continue to evolve. Buffett abandoned his longtime disdain for tech by making Apple more than 40% of his portfolio. Moreover, a new generation of portfolio managers, referred to as his "lieutenants," now influence the selections of Berkshire Hathaway. They might have been behind the decision to buy pricier, non-dividend stocks like Amazon and Snowflake.
Nonetheless, should more tech stocks turn into Warren Buffett investments, several choices could not only fit his philosophy but also deliver significant returns over time. Meta Platforms (NASDAQ: META), Nvidia (NASDAQ: NVDA), and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) are three examples.
Meta might not seem like a Buffett pick at first glance. CEO Mark Zuckerberg has gone all-in on the metaverse, changing the company's name from Facebook and devoting considerable amounts of capital to Reality Labs, consequential moves that may or may not drive meaningful returns. Moreover, after years of double-digit revenue increases, it grew by only 3% in the first half of 2022.
Source Fool.com
