Apple and Nvidia led a sell-off in tech stocks on Monday on US recession worries and Berkshire Hathaway’s stake sale in the iPhone maker. The magnificent seven – Alphabet, Amazon , Meta Platforms, Microsoft, Tesla, Apple, and Nvidia fell as much as 6.5%. The losses in these seven stocks were set to wipe out nearly … Read more
The latest Association of Mutual Funds of India (AMFI) numbers show an extraordinary spike in equity mutual fund inflows of up to ₹34,697 crore in May 2024. This spike represents an 83.42 per cent gain over the previous month, setting a new industry high. Systematic investment plans (SIPs) saw ₹20,904 crore in investments in May, … Read more
Warren Buffett’s Berkshire Hathaway has trimmed cut its massive stake in tech giant Apple Inc for the second straight quarter. In its first-quarter earnings report, Berkshire Hathaway reported that its Apple bet was worth $135.4 billion, implying around 790 million shares. This marks a decline of around 13 per cent in the stake. Apple still … Read more