Posted 4/1/2024, 7:05:00 AM
Buffett Bets Big on Apple, Berkshire Owns Billions in Amazon Stock
- Warren Buffett has invested $155 billion in Apple stock, calling it "a better business than any we own" at Berkshire Hathaway
- Buffett likes Apple's strong iPhone ecosystem and services business, which produces high profit margins
- Berkshire also owns $1.8 billion worth of Amazon stock, likely purchased by one of Buffett's partner portfolio managers
- Amazon's Prime membership network, cloud computing business, and advertising sales support continued growth
- Both Apple and Amazon are members of the "Magnificent Seven" megacap tech stocks driving recent S&P 500 performance