Nvidia, Meta Platforms, Alphabet, and Apple have collectively spent far more on this than they have on developing artificial intelligence (AI) solutions.

Advanced Micro Devices (NASDAQ: AMD) and Marvell Technology (NASDAQ: MRVL) have enjoyed contrasting fortunes on the stock market in 2024, with one of these names delivering stellar gains while the other one is in the red.

Warren Buffett hasn't seen a lot to like in the stock market lately. Through the first three quarters of 2024, Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) sold $133 billion worth of stock from the portfolio he manages for the conglomerate.

Since Warren Buffett became the CEO of Berkshire Hathaway ( BRK.A 0.80%) ( BRK.B 0.95%) in 1965, its stock has delivered a compound annual return of 19.8%. That would have been enough to turn a $1,000 investment into $42.5 million, whereas the same investment in the S&P 500 would have grown to just $325,053 over the same period.

Warren Buffett is arguably the best-known, most-respected investor of all time. Buffett is also known for his folksy charm and his memorable quotes about the art of investing. Read Next:

The stock also benefited significantly from a bullish report from Wedbush analyst Dan Ives, who raised the company's target price from $10 to $22. Palantir Technologies' (NASDAQ: PLTR) stock posted remarkable gains of almost 385% in 2024,

Warren Buffett’s Berkshire Hathaway has seen tremendous success over the years. Buffett’s investment strategies have made him one of the wealthiest people in the world. Many investors look to Buffett’s portfolio for guidance on what stocks to buy.