Warren Buffett sold half of Berkshire's stake in Apple, but other billionaires are increasing positions.

From Nasdaq: 2024-08-31 06:24:00

Warren Buffett, renowned investor and CEO of Berkshire Hathaway, made headlines by selling nearly half of Berkshire’s stake in Apple in response to expected future tax increases. Despite this, other prominent billionaires including Israel Englander, Ken Griffin, and Dan Loeb increased their positions in Apple due to the company’s growing AI features and services. Apple remains a strong investment opportunity with a forward P/E ratio of about 30 and a massive share repurchase program, making it an attractive stock for both billionaires and individual investors like yourself.



Read more at Nasdaq: Warren Buffett Sold Apple Stock, but These Billionaires Are Buying It by the Boatload