5 Tech Stocks to Buy Now According to Billionaire Warren Buffett

In this article, we will be taking a look at the 5 Tech Stocks to Buy Now According to Billionaire Warren Buffett. To read our analysis of Warren Buffett’s profile, investment strategy, and 13F holdings as well as the risk/reward and methodology of this list, you can go to the 10 Tech Stocks to Buy Now According to Billionaire Warren Buffett.

5. Paramount Global (NASDAQ:PARA)

Berkshire Hathaway’s Stake Value: $1,935,448,000

Percentage of Berkshire Hathaway’s 13F Portfolio: 0.64%

Number of Hedge Fund Holders: 42

Paramount Global (NASDAQ:PARA) is a leading global media and entertainment company comprising studios, networks, and streaming services, through a portfolio of brands that includes well-known names such as CBS, Showtime Networks, Paramount Pictures, Nickelodeon, MTV, Comedy Central, BET, Paramount+, Pluto TV and Simon & Schuster, among others.

Warren Buffett’s Berkshire Hathaway owns 78,421,645 shares of Paramount Global (NASDAQ:PARA), accounting for 0.64% of its 13F portfolio. Paramount Global (NASDAQ:PARA) was added to the portfolio in the previous quarter and was further increased by 14% in Q2 2022.

Earlier this year in August, Paramount Global (NASDAQ:PARA) released its financial results for the quarter ended June 30, 2022. Its total revenue increased by 19% y-o-y to $7.8 billion, while it reported a net income of $422 million, for the three months. The normalized EPS was recorded at $0.64 for the quarter, beating the consensus by $0.02.

As of Q2 2022, 42 of the 895 hedge funds tracked by Insider Monkey were long Paramount Global (NASDAQ:PARA) holding shares worth $2.6 billion. Warren Buffet’s Berkshire Hathaway is its biggest shareholder.