50% of Warren Buffett's Portfolio Is Invested in This Artificial Intelligence (AI) Dividend Stock
Warren Buffett is one of the most closely followed investors of all time. Known as the Oracle of Omaha, Buffett's investment strategy has become a template for people looking to create and preserve wealth.
Buffett spent decades studying well-capitalized businesses that generate strong cash flow and use excess profits to reward shareholders. These are qualities that are not typically associated with high-growth technology businesses that burn money. Hence, Buffett avoided the sector for quite some time.
But in 2016, Buffett shocked Wall Street after he took a sizable position in (NASDAQ: AAPL). What was initially considered a head-scratcher has ballooned into his largest position, currently representing just over 50% of Berkshire Hathaway's investment portfolio. Although he has been a repeat buyer of the stock, the real reason for Apple's top-ranking is its price appreciation over the years.
Source Fool.com
Apple Inc. Stock
Currently there is a rather positive sentiment for Apple Inc. with 147 Buy predictions and 17 Sell predictions.
With a target price of 227 € there is a slightly positive potential of 9.61% for Apple Inc. compared to the current price of 207.1 €.
