Warren Buffett Sold Apple to Buy This Stock

Core Insights - Warren Buffett's investments continue to influence the market despite his exit, with Berkshire Hathaway holding $267 billion in investments at the end of Q3 [1] - Notable trades include the sale of 41.7 million Apple shares and the purchase of 17.8 million Alphabet shares, indicating a strategic shift in the portfolio [3][4] Investment Strategy - Berkshire Hathaway has reduced its stake in Apple by 74% over the past two years, yet Apple remains the largest holding at 22% of the total portfolio [3][8] - The acquisition of Alphabet shares, which now represent 2% of the portfolio, reflects a growing interest in tech stocks, particularly as Alphabet reaches a $4 trillion valuation [4][8] Company Performance - Alphabet's stock has seen significant growth, with a 70% increase over the past year and over 12,000% returns since its IPO in 2004 [4] - Alphabet's Q3 revenue rose 16% to $102 billion, with earnings per share increasing by 35% to $2.87 [8] Strategic Partnerships - Apple has partnered with Alphabet to enhance its artificial intelligence features, including updates to Siri, leveraging Google's Gemini and cloud technology [7] - This collaboration signifies a growing trust in Alphabet's AI capabilities and has contributed to Alphabet's valuation milestone [7][8]