Warren Buffett's Berkshire sold nearly half of its Apple stake By Investing.com

Category: Finance

Berkshire Hathaway, led by Warren Buffett, has significantly reduced its investment in Apple, selling nearly 50% of its shares, bringing the value of its holdings to $84.2 billion. This decision was influenced by potential tax implications. Despite the sell-off, Apple remains the largest holding in Berkshire's portfolio, which has seen a surge in stock price due to investor interest in AI. Buffett is also trimming positions in other major investments, including Bank of America.

Keywords: Berkshire Hathaway, Warren Buffett, Apple investment

Source: Investing.com

Update At: 8/3/2024

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