Warren Buffett Stops Buying Apple for the First Time Since 2018, Indicating Worries for Wall Street

Reported 2 days ago

Warren Buffett, known for his long-standing investment in Apple, has for the first time since 2018 decided not to purchase shares of his favorite stock, amid a significant sell-off and reduced stakes in various other companies. This shift comes as Berkshire Hathaway has cut its Apple position and is now holding a record cash reserve of $325 billion, which may signal a cautious outlook towards overvalued markets. Buffett's absence from buying back his own shares could suggest he anticipates a potential market correction in the near future.

Source: YAHOO

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