What to Know: Warren Buffett recently sold a large stake in Apple $Apple(AAPL)$ in the first quarter of 2024. His Apple stake decreased from 906 million shares (as of the end of December 2023) to approximately 790 million shares (as of the end of March 2024), representing a decrease of nearly 13% in Apple stake. Despite the reduction, Apple remained Berkshire's largest holding as of the end of March 2024, and Buffett stated that Apple would likely remain Berkshire's largest holding at year-end. Reason for Selling: Buffett sold Apple to mitigate a potentially higher tax bill, as he believes the US will increase taxes to fund the growing US fiscal deficit. Conclusion: I don't believe Warren Buffett's decision was solely based on
Which Big Tech is Your Pick After Earnings?
Six tech giants released their earnings this week. Thursday is no doubt a happy day for investors with Meta, Amazon significantly beating estimates and jumping in post market trading. AMD, Google and Apple, however, missed estimates. Microsoft fell after earnings beats. ---------------- Will bullish trend of Meta and Amazon continue? Which company is your top pick? Will you buy the dip after tech giants' decline?
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