Berkshire Hathaway Sells $75.5 Billion in Stock, Slashes Apple Stake by 50%
💼
Berkshire Hathaway, led by Warren Buffett, has increased its cash reserves to $277 billion amidst economic uncertainties. This financial maneuver involved divesting $75.5 billion worth of stock. Notably, the conglomerate significantly reduced its stake in Apple by 50%. These strategic decisions reflect Berkshire Hathaway's responses to current economic conditions.
The decision to sell off a substantial amount of stock, including the significant reduction in Apple shares, indicates a cautious approach amidst market volatility. Buffett's financial strategies continue to shape investor perspectives and market movements.
Source: en.coinotag.com ↗
