1. Over the weekend, "Stock God" Buffett's Berkshire Hathaway quarterly report showed that nearly half of Apple's shares were reduced in the investment portfolio. 2. Under the widespread crash of Asian stock markets on Monday, the stock prices of Apple suppliers generally plummeted, and the stock prices of suppliers such as Hon Hai Precision and Taiwan Semiconductor all fell by about 10%.
On August 5th, Finance Associated Press reported (edited by Zhouziyi) that Berkshire Hathaway reduced nearly half of its investment portfolio in the quarterly report released last weekend.$Apple (AAPL.US)$After the stock market, there were some doubts about the Apple's business prospects. Under the widespread crash of Asian stock markets on Monday, the stock prices of Apple suppliers also plummeted.
As of Monday's close,$Nikkei 225 (.N225.JP)$fell 12.4% overall,$TOPIX (.TOPIX.JP)$As of Monday's close, the Nikkei 225 index fell 12.4%, which is the largest drop since October 1987, and the single-day decline set a new historical record. In neighboring markets, Taiwan stocks fell by 8.35%, and South Korean stocks fell by 8.77%.
As of the close of trading on Monday, the stock prices of iPhone assembler Foxconn and chipmaker TSMC both fell by about 10%.
Among the component manufacturers, the share price of Japan's electronic component giant Murata Manufacturing Co. plummeted 14%, and LG Innotek Co., a subsidiary of South Korea's LG, fell 13%. China's Xiaomi also dropped 7.7%.$Murata Manufacturing (6981.JP)$Among the component manufacturers, the share price of Japan's electronic component giant Murata Manufacturing Co. plummeted 14%, and LG Innotek Co., a subsidiary of South Korea's LG, fell 13%. China's Xiaomi also dropped 7.7%.$Luxshare Precision Industry (002475.SZ)$
Last Saturday (August 3), Buffett's Berkshire Hathaway released its second-quarter financial report and announced that it had net sold Apple shares worth $75.5 billion in the second quarter. This made Warren Buffett's cash reserves reach a record $276.9 billion.
In the previous quarter, Berkshire had already reduced 13% of its Apple shares. But even after the recent sale, Apple is still Berkshire's largest holding.
In the three months ending in June, Apple's stock price rose 23% and hit a historical new high on July 16th, as people have greater hope for the company's artificial intelligence products.
However, last week there were reports that Apple's upcoming artificial intelligence features would be delayed beyond the initially planned release date of iPhone and iPad software updates.
As of pre-market trading, Apple's stock price had fallen by 6.5%.
Some interpretations believe that Buffett's reduction of holdings is due to the lack of confidence in Apple's growth prospects, while some analysts believe that Buffett's reduction of holdings may be related to a broader economic outlook.
Mike O'Rourke, chief market strategist at Jonestrading, mentioned in a report regarding Berkshire's sale of Apple shares, "It's hard for anyone to say whether this is a negative factor for the market."
Adam Crisafulli of Vital Knowledge wrote in a report, "People expect Berkshire to continue reducing its holdings in Apple stocks, but the magnitude of the reduction may be uncertain."
In fact, starting from mid-July, as the U.S. stock index peaked, the billionaire investor began his stock selling plan.
In addition to Apple, Berkshire has also been frantically selling its second-largest heavy stock.$Bank of America (BAC.US)$According to the latest document released by Berkshire Hathaway, Buffett's company has been selling Bank of America stocks for 12 consecutive days, cashing out $3.8 billion.
Buffett's portfolio adjustment may indicate that in his eyes, the current valuation of U.S. stocks may be too high.
Editor / jayden