Billionaire Warren Buffett reveals new investments

A woman looks at the screen with live view of Berkshire Hathaway CEO Warren Buffett (L) and Vice Chairman Charlie Munger (R) at the Berkshire Hathaway Shareholders Meeting at CHI Health Center in Omaha, Nebraska on April 30, 2022.- AFP

Warren Buffett used the annual meeting of Berkshire Hathaway Inc BRKa.N to reveal major new investments including a bigger stake in Activision Blizzard Inc ATVI.O, while also railing against Wall Street excess and addressing the risks to his conglomerate of inflation and nuclear war.

The meeting Saturday in downtown Omaha, Nebraska was Berkshire's first welcoming shareholders since 2019, before COVID-19 derailed America's largest corporate gathering for two years.