Warren Buffett Is Selling Apple Stock and Buying This Magnificent Megacap Stock Instead
Warren Buffett’s Berkshire Hathaway is selling Apple stock and shifting investments towards its own stock. Despite Apple’s strong brand and high prices, it faces declining market share in China and an expensive valuation. Berkshire Hathaway has reduced its Apple holdings significantly over recent quarters, seeing Apple’s valuation as too high compared to expected earnings growth. In contrast, Buffett has been buying back Berkshire stock, believing it to be undervalued. Berkshire’s diverse and resilient portfolio, especially in insurance, has helped it perform well during market downturns. Buffett’s confidence in Berkshire’s long-term value remains strong, suggesting it as a solid investment.
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