Does Warren Buffett Know Something Wall Street Doesn't? The Billionaire Is Selling an Ultra-Popular Artificial Intelligence (AI) Stock.

Berkshire Hathaway sold Apple stock in the second quarter despite the upcoming launch of Apple Intelligence. In 2016, Berkshire Hathaway stunned Wall Street when it purchased a position in the ultra-popular consumer electronics company Apple (AAPL 0.36%). CEO Warren Buffett, who reportedly controls the vast majority of the company's investment portfolio, had previously avoided technology stocks because they admittedly fell outside his circle of competence. Wall Street was even more surprised when Apple even ...