Warren Buffett's Berkshire sold nearly half of its Apple stake
According to its recent earnings filing, the value of Berkshire's holdings in Apple dropped to $84.2 billion by the end of the second quarter, indicating a sale of nearly 50% of its position in the company. Despite this gigantic sell-off, Apple stock remains the largest holding in Berkshire's portfolio.
Apple stock had a robust second quarter, surging 23% and setting a new record, buoyed by investor enthusiasm over the company's focus on artificial intelligence. This surge in stock price followed a decline in the previous quarter amid concerns that Apple was lagging in AI innovation.In addition to Apple, Buffett has been actively trimming positions in other major holdings.
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