On Sunday local time, Tesla investor Ross Gerber expressed his views on Buffett's sale of Apple shares on the X platform, criticizing Buffett's lack of understanding of technology. "Buffett doesn't understand technology, that's for sure. Selling Apple before the AI revolution is a mistake for long-term investors," Gerber wrote.
A report released by Buffett's Berkshire Hathaway over the weekend showed that the company maintained its holdings of nearly half of Apple's shares in the second quarter.
Some analysts believe that this move shows that Buffett lacks confidence in Apple's growth prospects, and most Wall Street analysts call on investors to remain calm and not over-interpret Apple's strong financial position, brand loyalty, and potential in areas such as artificial intelligence, which means that it is still an attractive long-term investment choice.
Some analysts also pointed out that Buffett's reduction may be related to concerns about the broader economic outlook. The U.S. employment data released last Friday was less than expected, triggering market concerns about an economic recession, causing the Nasdaq to fall into a technical adjustment range and Wall Street's "fear index" (VIX) approaching 25.