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Fortune
Fortune
Leo Schwartz

Warren Buffett turns cold on Snowflake as Berkshire Hathaway sheds $989 million stake in AI giant

Every quarter, investors eagerly await the quarterly filing from investment giant Berkshire Hathaway that offers up wisdom on how the "Oracle of Omaha" is viewing the stock market.

On Wednesday, Warren Buffett's firm filed its latest holdings snapshot with the Securities and Exchange Commission, revealing a massive reduction in its Apple stake, along with a complete exit from its nearly $1 billion position in Snowflake, a cloud-based data company that has become one of the top publicly traded stocks for the red-hot AI sector.

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