The artificial intelligence (AI) revolution continues to pick up steam and is on pace to be this century's most transformative technology trend thus far. It's also on pace to be one of the best wealth-generating opportunities for long-term investors.

Warren Buffett's Berkshire Hathaway reduced its Bank of America stake to less than 9% and pared bets on Citigroup and Capital One last quarter.

Warren Buffett is out of step with the markets. The S&P 500 returned 25% in 2024 and is up another 4% this year, but Berkshire Hathaway refuses to join the party and continues to be a net seller of stocks.

While Warren Buffett has been building cash reserves, the rest of the market has taken their cash holdings to the lowest level in 15 years.

Bank stocks are near buy points as funds load up. Bank of America stock is in a cup-with-handle base with a buy point of 47.51.

Warren Buffett has long been a proponent of value investing, which has helped him amass a personal fortune of around $150 billion. This approach emphasizes taking the long view, holding one’s nerve, and avoiding risky behavior.