{
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Warren Buffett's Berkshire Hathaway continues to favor Apple and Amazon as strong long-term investments. Apple is leveraging AI innovations and a growing services segment, while Amazon leads in e-commerce and cloud computing, with significant growth potential in AI and other sectors. Both companies are expected to deliver robust financial results and stock performance in the coming years.
In a notable shift, Trump has developed close ties with tech leaders like Tim Cook, Elon Musk, and Sundar Pichai, as he prepares for his inauguration. Cook praised Trump’s leadership, while Musk and others are set to play significant roles in shaping tech policy, including AI and cryptocurrency regulations. Meanwhile, TikTok's future remains uncertain as Trump considers a temporary suspension of divestment requirements for the app.
Apple has lost its position as the top smartphone brand in China, with local rivals Vivo and Huawei surpassing it in market share. Apple held 15% of the market, while Vivo and Huawei claimed 17% and 16%, respectively, amid a significant drop in iPhone sales. The overall smartphone market in China grew by 5% year-on-year, with new government subsidies expected to further stimulate growth.
Apple's smartphone shipments in China fell 17% in 2024, allowing Vivo and Huawei to surpass it as the top sellers, with market shares of 17% and 16% respectively. The overall market grew 4%, but Apple faced challenges from local brands and a decline in revenues, prompting efforts to enhance AI features. A new subsidy program may boost demand for smartphones, particularly benefiting domestic manufacturers.
UBS has cut its iPhone sales forecast for December, citing declining demand and a drop in market share in China, where Apple now holds 15.6% compared to Huawei's 15.3% and Vivo's 18.6%. The revision has led to a 2% decrease in revenue estimates and a lower EPS forecast, while competition intensifies with Huawei's New Year discounts. Despite challenges, analysts maintain a consensus 'buy' rating for Apple, with price targets ranging from $184 to $325, driven by anticipated AI upgrades through 2025.
Three tech giants—Nvidia, Microsoft, and Apple—are poised to join the $4 trillion market cap club, driven by the explosive growth of artificial intelligence. Nvidia leads the data center GPU market, while Microsoft capitalizes on AI tools and cloud services. Apple's upcoming iPhone 16, featuring generative AI capabilities, could spark a significant sales surge, positioning it as a likely frontrunner for this milestone.
Stocks turned lower in late-morning trading, with the S&P 500 and Nasdaq Composite down 0.1% and 0.2%, respectively, while the Dow Jones Industrial Average remained flat. Broadcom's strong earnings initially boosted chip stocks, but major tech companies like Apple and Microsoft saw losses. As the market anticipates a Federal Reserve rate cut next week, the yield on 10-year Treasurys rose to 4.38%.
BYD is revolutionizing the automotive industry with its innovative technologies, such as the upcoming Disus-Z electromagnetic active suspension system, which promises enhanced vehicle dynamics and energy efficiency. With a workforce of 100,000, including 10,000 engineers, BYD plays a crucial role in the supply chains of major tech companies like Apple and Samsung, driving progress in clean technology and smart home products. This collaboration highlights the potential for transformative ideas to become reality, moving society away from fossil fuels and addressing climate change.
Apple Inc. reported a 24.60% decrease in CEO Timothy D. Cook's stock ownership after selling 223,986 shares for over $50 million. Over the past three months, insiders sold 408,170 shares valued at $92 million, while institutional investors now hold 60.41% of the stock. Analysts maintain a "Moderate Buy" rating, with a consensus price target of $235.68.
Jim Cramer urged investors not to dismiss Big Tech megacap stocks, highlighting their recent rebound after declines. He noted positive analyst reports for Apple and Amazon, while suggesting that Meta and Microsoft may have benefited from strong sales in AI PCs and Nvidia's new AI product launch. Cramer emphasized the importance of investing in these companies rather than underestimating them.
Tim Cook
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
top stocks to buy and hold from warren buffett for long term growth
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01:27 27.11.2024
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