Warren Buffett has invested heavily in a stock since 2019, potentially reaching $1 trillion

From Nasdaq:

Bank of America analyst Michael Hartnett coined the term “Magnificent Seven” to describe top tech stocks like Apple, Microsoft, and Amazon that outperformed the S&P 500 in 2023. Warren Buffett’s Berkshire Hathaway has seen success with Apple, investing $38 billion since 2016, making it 42.2% of their portfolio. Berkshire also tops $870 billion in market value with potential to reach $1 trillion in 2024 thanks to stock buybacks. Buffett has confidence in Berkshire’s future despite challenges in finding new investments. Investors may want to consider other opportunities outside the Magnificent Seven highlighted by Stock Advisor’s 10 best stock picks for potential growth.



Read more at Nasdaq: Forget the “Magnificent Seven”: Warren Buffett Has Plowed $73.6 Billion Into This Stock Since 2019 Instead