Warren Buffett’s Berkshire Hathaway sold nearly half its stake in Apple. Cash pile hits record $276 billion.

Q2 operating earnings +15.5% Y/Y, cash hits record $276.94B

2Q rev of $93.6B compared to $92.5B Y/Y

Warren Buffett’s Berkshire Hathaway dumped nearly half of its gigantic Apple stake in a surprising move.

The Omaha-based conglomerate disclosed that its holding in the iPhone maker was valued at $84.2 billion at the end of the second quarter, indicating that the Oracle of Omaha offloaded 49.4% of the tech bet.

Shares of Apple jumped nearly 23% in the second quarter.

https://www.cnbc.com/2024/08/03/warren-buffetts-berkshire-hathaway-sold-nearly-half-its-stake-in-apple.html