Reported 2 months ago
Warren Buffett's significant sale of Apple shares is poised to fully reveal the company's influence in major stock indexes. Previously, Apple's true market value was underrepresented due to Buffett's long-term holding strategy with Berkshire Hathaway. This sale may result in passive funds needing to purchase up to $40 billion in Apple stock during their next rebalancing, significantly impacting the tech giant's presence in various benchmarks.
Source: YAHOO