Berkshire has trimmed its HP stake in two separate sales recently, leading some to believe that Buffett's intention is to dump the tech bet in its entirety.
Warren Buffett's Berkshire Hathaway has trimmed its HP Inc. stake in two separate sales recently, leading some to believe that the "Oracle of Omaha's" intention is to dump the tech bet entirely. The conglomerate sold 4.8 million HP shares for $129.2 million last week, it disclosed in a filing late Friday . It marks the second consecutive week that Berkshire has reduced its stake in the personal computer and printer maker.
Buffett first bought the tech hardware stock in April 2022. The bet, however, hasn't been profitable as the stock finished last year down more than 28%. Shares are down 2% this year, significantly underperforming the market and its tech peers. HPQ YTD mountain HP In August, HP reported revenue in its fiscal third quarter that missed analysts' expectations. Analysts said HP's quarter was "disappointing.
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