Warren Buffett appears to be pushing Apple stock ahead of the rest of the tech sector.
The Dow dropped 100 points at the open; tech giants Amazon, Alphabet, Netflix and Facebook all started trading in the red — but Apple is up more than 3 percent.
Buffett is in Omaha for the annual meeting of Berkshire Hathaway shareholders, and he hasn’t been shy about his bull case for Apple.
The legendary tech investor revealed his firm bought a stunning 75 million Apple shares in first quarter and said obsessing over iPhone X sales in the near term “totally misses the point” on the stock.
With Friday’s bump, Apple is up 6 percent on the year and 1.5 percent off its 52-week high.
Source: Tech CNBC
Apple rises on news of Buffett buying 75 million shares