Warren Buffett's Berkshire Hathaway sold nearly half its stake in Apple
Publishing timestamp: 2024-08-03 12:22:12
Summary
Warren Buffett's Berkshire Hathaway sold nearly half of its Apple stake in the second quarter, raising questions about the reasons behind the move. The selling spree also included downsizing Bank of America stake. Overall, Berkshire unloaded more than $75 billion in equities in the period, increasing its cash reserves to a record $277 billion.
Sentiment: NEUTRAL
Keywords: bank of america corp, business news, apple inc, warren buffett, breaking news: markets, berkshire hathaway inc,