Warren Buffett's Berkshire Hathaway sold nearly half its stake in Apple

Category: Finance

Berkshire Hathaway sold nearly half of its Apple stake, valued at $84.2 billion, in a surprising move by Warren Buffett. This sale is part of a broader trend where Berkshire unloaded over $75 billion in equities, increasing its cash reserves to a record $277 billion. Buffett's previous stake trimming was attributed to tax reasons, but the scale of the recent sale suggests other motivations, especially as Apple shares surged 23% amid advancements in artificial intelligence.

Keywords: Warren Buffett, Berkshire Hathaway, Apple stock

Source: CNBC

Update At: 8/3/2024

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