Apple Inc. (NASDAQ:AAPL) investors have had a rough year so far, with the company’s share price down about 7% year to date, compared to the roughly 9% gain the SPDR S&P 500 ETF (NYSE:SPY) has experienced during the same period.
Reasons for the disappointing start to the year include fears of lower demand in China, falling behind in the artificial intelligence (AI) race, regulatory pressures, and low growth.
Jordan Klein, an analyst at Mizuho, sees another major risk on the horizon, warning that things could get worse for Apple.
Klein said he “would not be surprised if [Buffett] is selling right now” and that Buffett “knows when that 13F comes out showing he started to sell, that [Apple] shares will get killed as retail investors rush for the exit.”
Berkshire Hathaway Inc.’s (NYSE:BRK) most recent 13F disclosed that Buffett sold some of his Apple stock, albeit a marginal 1% of his massive position.
News of Berkshire Hathaway selling more…
2024-03-18 11:30:14
Link from finance.yahoo.com
