Warren Buffett is stepping down as CEO of Berkshire Hathaway, handing the reins to Greg Abel. Despite this, the company continues to make investment moves. Berkshire sold nearly 42 million shares of Apple during Q3, reducing its holdings by 15%. However, Apple still makes up over 20% of Berkshire’s investment portfolio.

Berkshire sold off its Apple position to invest in Alphabet, a trillion-dollar business with long-term success. Alphabet’s business model, including advertising and cloud computing, is more diversified and promising than Apple’s consumer hardware focus. Alphabet has shown stronger growth than Apple historically, making it an attractive investment choice.

Alphabet’s strong growth, diversified business units, and lower stock price compared to Apple make it an appealing investment. Berkshire’s move to sell Apple and buy Alphabet during Q3 reflects confidence in Alphabet’s future prospects. Investors may consider following suit and buying Alphabet stock.

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Read more at Nasdaq: Warren Buffett Is Selling Apple and Buying This Brilliant Growth Stock Instead