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Warren Buffett has nearly 23% of Berkshire Hathaway 's portfolio invested in two artificial intelligence (AI) stocks: 21.8% is allocated to Apple ( AAPL -1.09%), a stock that soared 600% in the last decade, and 0.8% is allocated to Amazon ( AMZN 1.75%), a stock that soared 900% in the last decade.

Apple’s big developer summit is a Silicon Valley institution. The company has been hosting it every year since 1983, and in more recent years the events have become a fixture of the tech hype machine — a chance for Apple to show off its latest software to investors and the folks who build apps for those products.

Apple points to AI tools, visual redesign, and strong App Store performance to justify analyst's $235 price target outlook.

Two of the top AI companies today are also two of the stocks in the Berkshire Hathaway portfolio. Many investors know that Buffett loves an undervalued stock. But when explaining how he chooses stocks,

The tech giant showcased "Liquid Glass" for iPads, Mac, and more products at its WWDC developer conference.

Apple announced new artificial intelligence features at the Worldwide Developers Conference keynote June 9. The company launched testing versions of live translation, visual search and a workout assistant. Apple Intelligence will also be a part of the Reminder, Messages and Apple Wallet apps.

In 2023, Apple unveiled a mixed-reality headset that has been little more than a niche product, and last year WWDC trumpeted its first major foray into the AI craze with an array of new features highlighted by the promise of a smarter and more versatile version of its virtual assistant, Siri.

Apple shares turned lower as the iPhone maker kicked off its Worldwide Developers Conference Monday. Read more on the event and what's at stake for Apple:

Apple's stock has been one of the weakest Big Tech stocks this year, partly reflecting worries about the company's artificial-intelligence positioning. Shares are down 18% so far this year. Within the "Magnificent Seven" grouping of large technology stocks,

The rollout of Apple’s new AI features was delayed last fall and on arrival it omitted the new Siri, for which Apple users are still waiting.