Apple shares drop 7% after Warren Buffett's Berkshire Hathaway slashes stake by half

Apple leads tech rout after Berkshire Hathaway sells more than half of its stake

Apple; Getty Images; Chelsea Jia Feng/BIApple stock plunged as much as 11% on Monday on news that Berkshire Hathaway sold about 50% of its stake.Warren Buffett's conglomerate sold about 390 million Apple shares in the second quarter.Berkshire's cash pile hit a record $277 billion, raising concerns about Buffett's market outlook.Apple stock plunged as much as 11% on Monday, leading the tech rout lower amid a global stock market panic.The decline …

Apple shares drop 7% after Warren Buffett's Berkshire Hathaway slashes stake by half

Berkshire Hathaway disclosed in its earnings filing that it dumped a little more than 49% of the Apple stake.

Warren Buffet-led Berkshire Hathaway unloaded over half of their Apple holdings last quarter

As of December 2023, Berkshire Hathaway held roughly $174.3 billion in Apple stock. However, according to a recent report, the company’s holdings have decreased to about $84.2 billion

Warren Buffett's Berkshire Hathaway holds more U.S. Treasury bills than the Federal Reserve

Warren Buffett’s Berkshire Hathaway has $234.6 billion worth of short-term investments in U.S. Treasury bills, the massive conglomerate’s second-quarter earnings report Saturday showed.Read more...