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Apple is the new…..FAANG?

For a brief period on Nov 3rd, Apple‘s market cap was more than the rest of the FAANG gang put together: Meta (Facebook), AmazonNetflix, and Alphabet (Google).

On a year-to-date basis, Apple’s stock has lost 23.9%, while Alphabet’s has declined 40.5%, Amazon’s has fallen 44.7%, Netflix’s is down 56%, and Meta’s has plunged 71.6%.

Maybe Warren Buffett does know a thing or two about investing. About 40% of Berkshire’s is Apple stock which has held on quite well despite the stock market drawdown.

#investing #amazon #meta #alphabet

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