Warren Buffett Invests 563 Million USD in These 3 Assets After Withdrawing from Apple

Billionaire Warren Buffett has attracted attention by pouring $563 million into three major stocks, as he has withdrawn from large investments in Apple and Bank of America, while holding a huge cash amount of up to $325 billion. Main Investment: Occidental Petroleum (OXY) According to the SEC report, Buffett spent $405 million to buy shares of Occidental Petroleum (OXY) - a global energy corporation operating in the oil and gas, chemical, and carbon emission reduction projects. However, OXY stock has dropped 21% since the beginning of 2024, from $60.05 to $47.13 at the current time. Two Other Notable Investments In addition to OXY, Buffett also invests in two other large companies: Sirius XM Holdings (SIRI) with $113 million: This company provides satellite radio and online streaming services in North America. However, SIRI shares have sharply declined by 57%, from $54.90 to $23.08 since the beginning of 2024. VeriSign (VRSN) with $45 million: VeriSign specializes in domain registration and global internet security services. VRSN shares have slightly decreased by 1.35%, from $201.56 to $198.84. Buffett's Vision These transactions were carried out in the past week, and Buffett had to report immediately because Berkshire Hathaway now owns more than 10% of the shares in all three companies. Although these investments are made at a time when stock prices are falling, experts believe that Buffett may be taking advantage of the opportunity to buy undervalued assets in preparation for long-term growth. DYOR! #Write2Win #Write&Earn $BTC {spot}(BTCUSDT)