Apple (NASDAQ:AAPL) stock has been a surprisingly good performer in the last few months, thanks in part to some decent quarterly earnings results and optimism about iPhone 17 going into the holidays and beyond.
Privacy activists say proposed changes to Europe's landmark privacy law, including making it easier for Big Tech to harvest Europeans' personal data for AI training, would flout EU case law and gut the legislation.
Intuit posted a quarter that met expectations, but its revenue forecast was below consensus, sending the stock lower. We initiated a position in Oracle during the period but were underweight on average, which detracted from performance compared with the benchmark. Despite Progressive's solid businesses, the insurance sector faced pressure, and we opted to redeploy capital into areas with strong...
Berkshire initiated a position in Apple in 2016. The investment has done very well, but Berkshire has sold about two-thirds of its position in recent years.
Warren Buffett generally doesn't invest in tech stocks, but he couldn't resist the following two. These players have something Buffett likes: fantastic moats, or competitive advantages.
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