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Core News Facts
Warren Buffett’s Berkshire Hathaway now holds significant stakes in three major tech companies: Apple (21.2% of the portfolio), Amazon (0.7%), and Alphabet (1.7%). This marks a shift in Buffett’s investment strategy, reflecting a growing interest in technology amidst strong performances from these companies.
Apple’s iPhone sales have surged, accounting for 25% of smartphones in China and driving a 37% increase in sales in the region as of October, according to Counterpoint Research. Meanwhile, Amazon dominates the U.S. e-commerce market with a 40% share and leads cloud computing with approximately 30% market share, investing $125 billion by 2025 to enhance its infrastructure.
Alphabet, with a commanding 90% share of internet search traffic, reported a 16% sales growth in Q3. Its AI initiatives, including the Gemini large language model, are enhancing advertising and cloud services, further establishing its economic moat.
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