Apple is 4 orders of magnitude worse than google in AI.
We need Scott Forstall back!
Apple expertise is in hardware, not software.
Right. That’s why I have been calling apple’s service bullshit.
Apple excels in system software. Isn’t the type of software needed for AV is system software?
Huh? Want to be grouped with UCLA alumni?
Ok maybe so… why not invest in both companies so no need to fret over which is the real deal…
Someone needs to carry on the fine tradition here. If nobody comes forward then I have to do the work.
That is what I suspected. He has been silent throughout the decline. The old man’s buy n hold is BS. In any case, reading between the lines, Jim Cramer is hesitating because the arrest of Huawei CFO could be the hair on the camel back that will eventually kill Apple business in China. He has been talking about China risk and didn’t talk much about AAPL is not to be traded.
Berkshire’s Apple stake fell to about 249.6 million shares from 252.5 million three months earlier.
Only 3 million?
Sold 1%. It doesn’t seem meaningful, but that could have temporarily depressed the price.
He didn’t add which is BIG. Same with Apple. Both let the stock price tumbles.
Idk, wasn’t the stake around 25% of something? There is risk for the portfolio with that type of concentration.
• Warren Buffett’s Berkshire Hathaway (BRK.B, BRK.A) took a new stake in software maker Red Hat (NYSE:RHT) and reduced its holdings in Apple (NASDAQ:AAPL) by the end of December, according to its 13F filings.
• Acquired 4.175M share of Red Hat valued at $733M.
• Added 14.16M shares of StoneCo (NASDAQ:STNE).
• Reduced stake in Apple by about 1%, but still holds shares worth about $39.4B.
So no need to buy oracle anymore now that WB sold it. WB is turning into a trader.
Or was he always a trader?
WB is getting on the cloud king train. Why Red Hat though? Isn’t it now part of IBM?
After since he commented he should have sold KO, he turned into a trader.
Even WB is into cloud royals.
@manch When would you getting your feet wet?
I am knee deep into cloud.
WB reducing 1% AAPL is small and he will do it to comply some legal or SEC issue.
His reduction in ORCL (completely selling out) may be real as he would have felt wrong idea.
• Red Hat (NYSE:RHT) only +0.3% after Berkshire also opened a new position in that company.
• Buffett’s firm also sharply cut its holdings in Phillips 66 (NYSE:PSX) by 22%, or 3.5M shares, and United Continental (NASDAQ:UAL) by 15%, or 4M shares, while trimming its Apple stake by ~1%, still holding nearly 250M shares.
AAPL stalls after hitting counter-trend target. So far, only cloud stocks broke above counter-trend and achieved new ATHs. F10s and other prominent stocks merely hanging between DCB and CTT prices. WS is riding the and lost interest in other stocks.