You certainly know that Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) owns a bunch of individual stocks. You may have even borrowed a few of these picks for your own portfolio. What's often easy to forget, however, is that Berkshire is also a conglomerate of several dozen wholly owned enterprises. Unlike the publicly traded stocks that the conglomerate owns, these privately run enterprises' results are collectively reflected on the organization's income statement, just as they would be for any individual company. Missed AI's "Act 1"? Act 2 Could Be 15x Bigger. Most investors think they missed the AI boat because they didn't buy Nvidia in 2005. But according to our analysts, we're only at the end of "Act 1"—the R&D phase. "Act 2" is the global rollout.
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