Berkshire Hathaway sold part of its Apple stake; Buffett may shift focus towards AI stocks.
Warren Buffett's Berkshire Hathaway sold part of its stake in Apple, sparking speculation on his next investment move. His history of investing in stable, cash-generating businesses may lead him to focus on AI stocks next. Buffett's 2020 investment in Snowflake, a big data analytics company, suggests a possible exit due to its volatility and lack of AI focus. As a tax-conscious investor, he might use tax-loss harvesting to invest in AI-focused companies.
August 10, 2024
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