Warren Buffett’s Berkshire Hathaway cuts stake in Apple by nearly 50% | Business

Category: Finance

Berkshire Hathaway reduced its stake in Apple by nearly 50%, dropping from 790 million shares to 400 million shares, valued at $84.2 billion. This selloff is significant for Warren Buffett, who typically holds stocks long-term. The company also reported a record cash pile of nearly $277 billion and reduced its stake in Bank of America to $41.1 billion.

Keywords: Berkshire Hathaway, Warren Buffett, Apple

Source: CNN

Update At: 8/3/2024

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