沃倫·巴菲特出生于 1930 年，11 歲時(shí)購(gòu)買(mǎi)了他的第一支股票。整個(gè) 1965 年，這位老家伙一直是他的投資公司無(wú)可爭(zhēng)議的負(fù)責(zé)人，并繼續(xù)領(lǐng)導(dǎo)著這家公司。

巴菲特的投資原則和蘋(píng)果的股份

巴菲特管理的伯克希爾哈撒韋公司在過(guò)去 50 年的回報(bào)率為 4,384,748%。最初的 1,000 美元投資現(xiàn)在已增至 43,000 美元。 800萬(wàn)。在同一時(shí)間范圍內(nèi)，對(duì)標(biāo)準(zhǔn)普爾 500 指數(shù)同樣 1,000 美元的投資價(jià)值僅為 189,060 美元。

伯克希爾傳奇時(shí)代背后的魔力在于其復(fù)雜性。巴菲特青睞投資那些穩(wěn)健發(fā)展、保持高盈利能力、與最優(yōu)秀管理團(tuán)隊(duì)合作的企業(yè)。他發(fā)現(xiàn)公司最有可能通過(guò)股息和股票回購(gòu)將部分利潤(rùn)返還給股東。他從來(lái)沒(méi)有隨心所欲地追隨當(dāng)前股市從互聯(lián)網(wǎng)和云計(jì)算轉(zhuǎn)向人工智能（AI）的趨勢(shì)。

雖然人工智能革命在股票上有所體現(xiàn)，但大多數(shù)股票現(xiàn)在都面臨著人工智能革命。其中，石油和天然氣工業(yè)，包括焦油砂和致密油，占40%。投資額為3620億美元中的2%，這是該公司公開(kāi)交易的股票和證券的投資組合。最初，網(wǎng)上購(gòu)物是亞馬遜公司(AMZN -1.07%)的主要業(yè)務(wù)。盡管如此，它仍然多元化并擴(kuò)展到多個(gè)領(lǐng)域，例如云計(jì)算、流媒體、數(shù)字廣告和人工智能。與此同時(shí)，伯克希爾哈撒韋直到2019年才收購(gòu)了亞馬遜股票，巴菲特此時(shí)深感后悔沒(méi)有早點(diǎn)認(rèn)識(shí)到這個(gè)機(jī)會(huì)。今天，亞馬遜的價(jià)格為 1 美元。

9萬(wàn)億美元的市值足以躋身全球市值前五名。作為經(jīng)濟(jì)中個(gè)人所得稅的主要貢獻(xiàn)者，個(gè)人繳納大量所得稅并為政府收入做出貢獻(xiàn)。它為中小型企業(yè)提供了許多解決方案，旨在幫助他們?cè)跀?shù)字時(shí)代取得成功，并且它還充當(dāng)亞馬遜大多數(shù)人工智能項(xiàng)目的體育平臺(tái)。首席執(zhí)行官安迪·賈西（Andy Jassy）希望主導(dǎo)人工智能的三個(gè)核心層：基礎(chǔ)設(shè)施（芯片和數(shù)據(jù)中心）、技術(shù)核心（大語(yǔ)言模型（LLM））和面向消費(fèi)者的人工智能應(yīng)用。

與大多數(shù)云供應(yīng)商類(lèi)似，AWS 使用 Nvidia 最新一代業(yè)界領(lǐng)先的圖形處理器 (GPU)，該處理器專(zhuān)為處理特定于 AI 的任務(wù)而創(chuàng)建。它甚至設(shè)計(jì)了定制硅芯片，Dave 表示，由于其無(wú)與倫比的價(jià)格和性能，對(duì)最新 Trainium 2 的需求正在增加。

AWS is also pushing to widen the range of stable versions for modified LLMs, which it calls Bedrock, a home for more readymade LLMs. Creating an LLM is a data—and money-intensive process, though if you already have one, it can be used to launch an AI application quickly. Amazon’s eponymous family of models, named Titan, mirrors the potential for customers to employ models from high-profile startups, similar to Anthropic, in which Amazon recently invested $4 billion.

Amazon’s AI ambitions across multiple fronts

Amazon has the latest AI virtual assistant, capable of reading, analyzing, and interpreting internal business data, thus providing tools to measure and improve business results. Moreover, it can write, test, and debug software codes to speed up the release of the new software just created. It’s a weapon of choice for productivity for the consumers of AWS.

Amazon earned $574 billion in total revenue last year, more than any of its tech peers in the trillion-dollar club. On the one hand, the company has yielded profits over the past three quarters. However, throughout its history, it has been mainly in losses because of a past practice of investing substantial resources to develop further. In addition, not only does it have the payment of dividends or buyback absent, but it also no longer meets many standards that Buffett always adheres to.

This may be because the price of Amazon stock represents merely 0. 5% of Berkshire’s portfolio. Then again, maybe management doesn’t have such a large share in the AI possibilities now, but they might wish to own a larger share in the future. Buffett isn’t a salesperson since he has purchased a lot of stock from Apple (AAPL -0. 69%). Berkshire Hathaway’s first investment in Apple occurred in 2016, and Buffett’s firm has accumulated almost $38 bln in stakes in the California gadget maker since then. Apple has benefitted from a massive price spike in the stock market, and the value of Berkshire’s shares has risen at an incredible rate to $143. As for the Holding Company – the fifth largest – with a total share of 5 billion, even though we have just learned about its plan to sell 13% of the conglomerate’s shares to the public.

iPhone is Apple’s standard product, but the company entails other tech devices in its basket, such as the iPad, Mac computers, watches, and iPhone accessories like the AirPods. In addition to its hardware foothold, Apple has a portfolio of services that include Apple Music, Apple News, Apple TV, and iCloud, to mention but a few. These are, normally, the high-margin subscription-based services, making them a key focus for investors as they constantly aim to keep up with the latest trends.

蘋(píng)果目前的狀態(tài)并不符合這種描述，因?yàn)樗呀?jīng)成為一家市值超過(guò) 2 美元的公司。市值 8.7 萬(wàn)億美元的谷歌不太可能停滯不前，而且?guī)缀跛锌萍季揞^都更加直言不諱地表達(dá)了他們的人工智能野心。盡管如此，谷歌也可能在這個(gè)快速擴(kuò)張的行業(yè)中產(chǎn)生相當(dāng)大的影響。我們有跡象表明 Pxxel 將會(huì)出現(xiàn)在最新的 iPhone 15 Pro 中。在發(fā)布之前，蘋(píng)果公司向公眾通報(bào)了智能手機(jī)上安裝的新 A17 Pro 處理器，增強(qiáng)了其運(yùn)行 Siri 或自動(dòng)更正等人工智能任務(wù)的能力。

回顧歷史，蘋(píng)果可能會(huì)向這些公司收取數(shù)十億美元的費(fèi)用，因?yàn)樗麄兿蜻@些公司提供 Botfon（該公司為其小工具 2 提供的人工智能聊天機(jī)器人）。人們每天都使用這些設(shè)備，它們遍布全球，活躍用戶(hù)超過(guò) 20 億。三個(gè)字，轉(zhuǎn)到上一句。蘋(píng)果目前每年向 Alphabet 支付約 180 億美元，將谷歌設(shè)置為 Safari 瀏覽器的默認(rèn)瀏覽器。將 Gemini 聊天機(jī)器人每年的增長(zhǎng)延伸到 Alphabet 并不是沒(méi)有道理的，這并不奇怪。這次會(huì)議可能會(huì)讓世界更多地了解蘋(píng)果 6 月舉行的人工智能議程。

與蘋(píng)果相關(guān)的有兩個(gè)值得注意的方面。該股票以每年帶來(lái)穩(wěn)定而持續(xù)的收入增長(zhǎng)而聞名；它具有很高的盈利能力，并且同樣尊重和欣賞公司首席執(zhí)行官蒂姆·庫(kù)克。此外，蘋(píng)果公司還派發(fā)股息，最近幾天，它剛剛宣布了一項(xiàng)價(jià)值1100億美元的新股票回購(gòu)計(jì)劃，這是公司歷史上規(guī)模最大的一次。

然而，有人質(zhì)疑伯克希爾為何將其持有的蘋(píng)果股份從 4% 減少至 2.6%。他聲稱(chēng)這一切都是出于稅收目的（他似乎計(jì)算出公司稅有一天可能會(huì)增加），但向投資者保證，到 2024 年底，蘋(píng)果公司的持股可能仍將是伯克希爾哈撒韋公司最大的組成部分。

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