S27 SPDR S&P500 US$
- 573.24
- -11.40-1.95%
Buffett's "clearance-style" selling of Apple and Bank of America stocks, not repurchasing to hoard cash! Is Buffett voting with his feet on US stocks?
"Be fearful when others are greedy, and greedy when others are fearful." Following a nearly 50% reduction in shareholding in the second quarter, Berkshire Hathaway once again decreased its Apple stocks by 25% in the third quarter, significantly selling around 0.1 billion shares, with the market cap dropping from $174.3 billion at the beginning of the year to $69.9 billion.
Berkshire's Q3 operating profit fell by 6.2% year-on-year, below expectations, continuing to shareholding Apple, with cash reserves reaching a new high.
Due to the poor performance of the insurance business income, Berkshire Hathaway's third-quarter revenue and operating profit unexpectedly slightly declined; cash reserves rose to $325.2 billion, reaching a record high; the number of shares held in Apple decreased from about 0.4 billion shares in the second quarter to about 0.314 billion shares, with a reduction rate of 25%.
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Warren Buffett has sold stocks for the eighth consecutive quarter, with Berkshire's cash reserves hitting a new high.
1. Berkshire Hathaway sold stocks worth $36.1 billion in Q3, including approximately 0.1 billion shares of Apple stocks; 2. The company did not announce any buybacks of its own stocks, marking the first occurrence of this kind since the second quarter of 2018.
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Express News | Berkshire's Q3 total revenue was $92.995 billion, Apple's holding market cap decreased to $69.9 billion, and cash reserves rose to a record high of $325.2 billion.
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In October, the stock prices of the three technology giants fluctuated more than bitcoin.
According to Forbes, the data shows that the volatility of some major technology stocks has exceeded bitcoin, with Tesla's stocks topping the list with a 24% price fluctuation, followed by AMD at 16% and nvidia at 12%, all exceeding the 11% range of bitcoin's volatility.
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Investing 200 billion this year and planning to increase investment next year! The third quarter report reveals the big bets made by the four giants in Silicon Valley on AI.
Microsoft, Meta, Google, and Amazon are expected to reach a record-breaking total capital expenditure of over $200 billion this year, with executives warning of even higher spending next year. They are all trying to convince Wall Street that these massive investments will make their future business more profitable than their current business of selling digital ads, commodities, and software.