EXCLUSIVE: Buffett still considers Apple (AAPL) stock a core holding despite stake sale - analyst

Buffett repositions portfolio amid bull market: What are his best picks now?

February 15, 2024 8:40 AM EST

Investing.com Warren Buffetts Berkshire Hathaway (NYSE: BRKb) disclosed its holdings for Q4/23 through its 13F filing, revealing a cautious approach to stock purchases during a period when stock prices surged.

The filing showed no new additions to Berkshire Hathaway's portfolio of publicly traded stocks. However, the legendary investor increased its stakes in Chevron... More

Futures higher, Berkshire Hathaway slashes Apple stake - what's moving markets

February 15, 2024 5:25 AM EST

Investing.com -- U.S. stock futures inch higher, pointing to a continued recovery on Wall Street from a decline posted earlier this week. Cisco Systems (NASDAQ: CSCO) lowers its annual guidance and outlines plans to slash headcount, as executives at the network equipment manufacturer warn of weak future demand. Elsewhere, Warren Buffett's Berkshire Hathaway (NYSE: BRKa) cuts its stake in tech giant Apple (NASDAQ: AAPL).

1. Futures edge up

U.S. stock futures gained... More

Berkshire trims Apple, sheds four stocks, mum on new investment

February 14, 2024 4:37 PM EST

By Jonathan Stempel

(Reuters) -Berkshire Hathaway on Wednesday said it has trimmed its huge stake in Apple and shed four common stock holdings, and kept investors guessing on what could be a major new investment by Warren Buffett.

In a regulatory filing describing its U.S.-listed stock holdings at the end of 2023, Berkshire said it sold 10 million Apple shares in the fourth quarter, but still owned more than 905 million shares worth about $174 billion.

Though Buffett has been driving Berkshire's investment in Apple, the stock sales in the iPhone maker could have been made by one... More

Berkshire Hathaway Decreases Stake in Apple (AAPL) by 10M Shares

February 14, 2024 4:18 PM EST

Berkshire Hathaway Decreases Stake in Apple (NASDAQ: AAPL) by 10M Shares

... More

Active options: AAPL META UBER SMCI ABNB AMZN MSFT UPST COIN NFLX RIOT CLSK

February 14, 2024 10:09 AM EST

Active options: AAPL META UBER SMCI ABNB AMZN MSFT UPST COIN NFLX RIOT CLSK

... More

This stock is a 'long-term winner of AI semis' - Morgan Stanley

February 14, 2024 7:00 AM EST

The demand for cutting-edge foundry capacity is surging as large language models (LLMs) like GPT-5 and Llama3 drive the need for increased computing power, signaling a continued evolution of Moore's Law.

OpenAI's CEO, Sam Altman, according to The Wall Street Journal, recently said he wants to invest trillions of dollars into the global semiconductor sector.

In this context, Morgan Stanley analysts highlighted Taiwan Semiconductor Manufacturing Company (NYSE: TSM) as a... More

The 'AI revolution' is playing out, Wedbush sees tidal wave of spending coming to the tech industry

February 13, 2024 1:17 PM EST

The artificial intelligence (AI) revolution is playing out, according to Wedbush analyst Daniel Ives, who believes there is a "tidal wave" of spending coming to the tech industry.

Ives explained in a note to clients that heading into 2024, there was building hype and excitement for AI, which Wedbush views as the "biggest tech transformation since the start of the... More

'We believe Apple can likely grow services low double digits going over the next 3-5 years' - Bernstein

February 13, 2024 3:33 AM EST

Bernstein analyst Toni Sacconaghi reiterated a Market Perform rating and $195.00 price target on Apple (NASDAQ: AAPL).

The analyst commented: "A mix shift to services and accompanying margin improvement has been a key component of AAPLs multiple expansion. AAPL has re-rated over the last 5 years, largely due to a belief that Apple increasingly resembles a consumer company, with a huge and loyal installed base and pricing power. A key tenet of this thesis... More