Apple shares drop nearly 5% after Warren Buffett's Berkshire Hathaway slashes stake by half
Publishing timestamp: 2024-08-05 12:03:47
Summary
Warren Buffett shocked the investing world by cutting his Apple stake in half, causing tech stocks to plummet. Global markets are on the brink of a major correction. Buffett has been on a massive selling spree, offloading over $75 billion in equities in the second quarter. He also started selling his Bank of America stake. Berkshire's Apple holding grew so big that it once took up half its equity portfolio. Shares of Apple climbed 23% in the second quarter.
Sentiment: MIXED
Keywords: breaking news: investing, bank of america corp, business news, apple inc, stock markets, warren buffett, breaking news: markets, wall street, berkshire hathaway inc, markets, breaking news: business, investment strategy,