Warren Buffett has been selling off his stake in Apple, reducing it by two-thirds over the past year to $69.9bn, as part of a broader selling spree by Berkshire Hathaway totaling $166bn in stock sales. Buffett has also sold off $36.1bn of other stocks, including Bank of America, and reinvested the proceeds into short-term Treasury bills, bringing Berkshire’s cash position to a record $325.2bn. Operating profits have declined by 6% due to losses from hurricanes and asbestos-related liabilities, with Buffett emphasizing the importance of operating results over reported net income.
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Why AI Stock Jabil Crushed the Market on Tuesday
The rapid adoption of artificial intelligence has significantly benefited Jabil (NYSE: JBL), driving a nearly 9% increase in its stock price following the release of its fiscal Q3 2025 results. The company reported a 16% year-over-year revenue growth to over $7.8 billion, surpassing analyst expectations of $7 billion. Need More Context? 🔎
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