Published on 20 Aug 2024 on Insider Monkey · via Yahoo Finance
Is Diageo plc (DEO) the Best Stock Warren Buffett Has Bought Since Beginning of...
We recently compiled a list of the 9 Stocks Warren Buffett Has Bought Since Beginning of AI Revolution. In this article we are going to take a look at where Diageo plc (NYSE:DEO) stands against Buffet's other stock picks since the beginning of AI revolution.
Artificial intelligence has been the buzzword on Wall Street for the past several months, with investors tripping over themselves to get a piece of the pie as the new technology sweeps the business world. AI-powered trading systems now account for over 60% of total equity trading volume in the United States. Investors have been turning to AI for enhanced efficiency and faster decision-making speeds. These AI-based investing algorithms can analyze vast datasets and predict stock price movements with up to 80% accuracy. The potential of AI-driven investment funds can be understood better by comparing their performance against traditional peers, with the former outperforming the latter by 1-3% annually.