Buffett Betrayed AAPL ? APPL Failed Buffett ?
@JC888:
Starting in Q4 2023 Berkshire Hathaway started selling $Apple(AAPL)$ shares. It sold about 10 million shares in total. However, that was not the end, only the beginning. According to Reuters, Mr Warren Buffett has further “sold down” Berkshire ’s holdings of Apple stock in H1 2024: 116 million shares in Q1 2024 389 million shares in Q2 2024. As of 30 Jun 2024, that represented a -55.8% reduction in Berkshire’s Apple holdings. (see below) So Much ! No one will know exactly why Buffett sold such a huge chunk of Berkshire’s Apple stock. It is possible that Apple’s (a) tepid growth rate and (b) high valuation suggest the famed investor may have concluded the stock’s prospects are not great. Optimistically, Apple’s latest artificial intelligence (AI) o