The top stock in Berkshire Hathaway's (BRK.A 0.88%) (BRK.B 0.55%) equity portfolio remained Apple (AAPL -0.20%) at the end of the third quarter. But the Oracle of Omaha was selling huge chunks of this position throughout 2024, and it's possible this continued into the fourth quarter.
Apple (AAPL -0.20%) is one the world's largest publicly traded companies, with a market cap of $3.7 trillion and it continues to attract investor attention as it slowly steps into new areas of innovation, like artificial intelligence (AI).
Apple (AAPL -0.20%) has struggled to generate growth in recent years.
Apple had a market value of $3.7 trillion as of Dec. 31, making it the most valuable U.S. company, a title it has held for the better part of the last decade. But Apple has yet to demonstrate its ability to monetize artificial intelligence, at least not to the same degree as other big tech companies.
Equity analyst Dan Ives has made a quite a few prescient calls in his career. In the last year alone, he predicted the Nasdaq Composite would hit 20,000, and he remained bullish on Palantir despite widespread skepticism.
The latest trading day saw Apple (AAPL) settling at $243.36, representing a -0.2% change from its previous close.
Apple agreed to pay $95 million to settle a proposed class action lawsuit brought by device users who claimed their conversations had been recorded by Siri and shared with third parties.
Apple stock has gained momentum lately due to the addition of ChatGPT and other AI features for its devices and the launch of the new MacBook Pro lineup.
In a significant development that underscores the intricate balance between technological innovation and user privacy, Apple has agreed to a $95 million settlement. This resolution addresses allegations that its voice-activated assistant, Siri, inadvertently recorded users' private conversations without consent, over a decade-long period.
Bryn Talkington and Steve Weiss join CNBC's 'Halftime Report' to discuss why they're both trimming Apple.
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