Why Warren Buffett is bullish on tech

May 16, 2016 3:44 PM

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The Oracle of Omaha is reversing his one-time aversion to technology stocks.

Warren Buffett's Berkshire Hathaway (BRK.A) has taken a new $1 billion position in Apple Inc. (AAPL), making the stake at a time when the company's stock has sunk below $100 per share as it deals with slowing iPhone sales.

Also read: Bill Gates Donates Billions in Stock to Foundation

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