Buffett a 'core believer' in Apple - Wedbush
) results on Saturday showed that it sold about half its stake in Apple, even as the conglomerate posted a record quarterly operating profit.) in the second quarter, on top of 115 million sold from January to March, as the iPhone maker's stock price rose 23%.
Wedbush noted that Berkshire still has Apple as its number one position and is more than double its next largest position in Bank of America ," the note said. "Apple just delivered a 9.7/10 June quarter in our view with strong September guidance into an AI driven iPhone 16 super cycle and that bull thesis is firmer today than before earnings."Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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