Billionaire investor George Soros's investment fund placed new bets on Apple Inc. and other tech companies, but shied away from a couple of chip makers and ditched some big names in industrials in the quarter that ended June 30, according to a securities filing late Wednesday.
The latest 13-F filing from Stanley Druckenmiller's Duquesne Family Office didn't include any clues about how his big bet on small-cap stocks had fared.
The quarter reflected a big retreat by Buffett from stocks, with Berkshire selling about 390 million Apple shares, or nearly half its stake.
Warren Buffett's Berkshire Hathaway acquired stakes in cosmetics store chain Ulta Beauty and aircraft parts maker Heico during the second quarter, when it also significantly cut its huge stake in Apple.
Spotify gained Apple's approval to show European Union users pricing information in its iOS app. Spotify is opting into Apple's “entitlement” for music streaming services, created following the European Commission's landmark antitrust ruling against the tech giant in March, according to an updated blog post Wednesday (Aug. 14).
One of the biggest shockers of the latest Berkshire Hathaway (NYSE: BRK-A , NYSE: BRK-B ) quarterly unveiling was how much Apple (NASDAQ: AAPL ) stock the firm sold. Indeed, many expected Warren Buffett's conglomerate to sell some Apple stock after trimming its stake by 13% in the first quarter.
Google's live demo on Tuesday had some bugs, but the company showed that it's ahead of its rivals when it comes to bringing artificial intelligence to smartphones. The company's Gemini features for smartphones are real and are shipping — at least for testing purposes — in the coming weeks.
Apple (NASDAQ: AAPL ) is a formidable entity within the technology sector. The anticipation surrounding its iPhone 16 launch, especially with the integration of Apple Intelligence, underscores its strategic focus on innovation.
Recent filings show that Warren Buffett has trimmed his Apple and Bank of America stakes. This is not the first time Buffett has sold stock in recent months, suggesting he may be puzzled by the economy's overall state.
Every investor is well aware of the volatility sweeping the markets over the past few weeks. The same investors are trying to understand whether a market meltdown or massive opportunity is ahead.
Apple (NASDAQ: AAPL ) stock has long been the gold standard in tech – the most valuable company in the world, with a fanatically loyal customer base and an unmatched track record of innovation. For years, investors flocked to AAPL as a safe haven, a stock you could count on for steady, reliable returns in both good times and bad.
The Taiwanese tech giant's shares climbed after soaring demand for AI servers helped it post a better-than-expected quarterly profit.