Warren Buffett’s Berkshire Hathaway trims its stake in Chinese EV maker BYD to 6.9%
Publishing timestamp: 2024-06-17 08:51:24
Summary
Berkshire Hathaway continues to trim its stake in BYD, a major Chinese electric vehicle maker. The conglomerate first invested in BYD in 2008 and has since sold off a portion of its holdings. BYD has become a top car brand in China and surpassed Tesla as the world's top EV maker. Additionally, there are predictions about Nvidia's potential impact on the S&P 500, recommendations for diversification with certain stocks, and praise for a specific ETF for dividend funds.
Sentiment: NEUTRAL
Tickers: BRK.A, BYDDY, ZE594-CN,
Keywords: breaking news: markets, wall street, berkshire hathaway inc, markets, byd co ltd, investment strategy, breaking news: investing, stock markets, breaking news: business, business news,