Warren Buffett’s Apple Sell-Off Causes Market Panic: Nvidia and Tesla Stocks Plummet
In a shocking turn of events, news of Warren Buffett aggressively selling off his Apple holdings has sent shares of the tech giant plummeting by 7% in early premarket trade. But that’s not all – Nvidia stock has also taken a hit, dropping by 7% as well. The tech sector is reeling from fears, with The Information reporting that Nvidia’s upcoming artificial-intelligence chips will be delayed by three months or more due to design flaws.
Tesla stock is down by 5%, Amazon.com shares have fallen by 3%, and even the crypto plays like MicroStrategy and Coinbase Global have seen double-digit losses. It seems like no sector is immune to the current market turmoil.
But amidst all the chaos, there is one shining star – Kellanova, the cereal maker, has seen a 6% increase in its stock price. Rumors are swirling that Mars is considering acquiring the WK Kellogg spinoff, leading to a surge in investor interest.
In conclusion, the financial markets are in a state of flux, with major players like Warren Buffett making moves that have far-reaching consequences. Investors need to stay informed and vigilant to navigate these turbulent times and protect their portfolios from potential losses.