Apple Stocks Hit Record High on Buffet Praise

Apple shares hit an all time high of $185.18 last Monday, fueled by praises from billionaire investor Warren Buffett who revealed last week that his company had bought 75 million shares of the iPhone maker which currently valued at around $11 billion.

Buffett even said that he loved the stock so much that he’s own 100% of it if he could. Apple CEO Tim Cook sent back some reciprocal praise on Buffett’s remarks, saying that he had always greatly admired the man and have always been grateful for his insight and advice.

Buffett’s investment firm, Berkshire Hathaway, is now the third largest holder of Apple, only behind Vanguard and BlackRock.

Source: CNBC