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Apple Leads Tech Sector's Massive $900 Billion Market Loss

Apple's stock price today dropped amid a broader roader technology sector sell-off that has wiped out nearly $900 billion in market value...

Apple's stock price today dropped amid a broader roader technology sector sell-off that has wiped out nearly $900 billion in market value (via Reuters). Apple's stock fell by over 4%, largely influenced by Berkshire Hathaway's announcement that it has almost halved its stake in the company from 5.6% to approximately 2.8%, alongside escalating fears of a recession in the United States. The move was part of a broader strategy by Berkshire to raise its cash position to a record $277 billion, indicating a cautious approach towards the current economic environment and concern about the technology sector's resilience.

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