Apple continues to run on the stock market and exceeds 800 billion dollars in value for the first time. An historic milestone, achieved thanks to the promotion of analysts but above all Warren Buffett. During the annual meeting of shareholders, the so-called Woodstock of capitalism, the finance guru admitted he was wrong about technology companies and placed Apple, Amazon and Google in the Olympus of the companies he most admires.
Buffett's words, a skeptic of Silicon Valley for decades, were an injection of confidence for the Cupertino house. The investment in Apple "is a good sign" jokes Charles Munger, Buffett's number two at Berkshire Hathaway: it shows in fact that "we are still capable" of doing new things, despite our advanced age, with Buffett who is 86 and Munger 93 . "It indicates that we either went mad or learned, and I would lean toward the latter," he adds. Buffett echoes him, with a 'technological' mea culpa in which he regrets not having been able to take the opportunity and not having bought Google and Amazon shares when they were smaller. "Jeff Bezos is revolutionizing the distribution sector," says the finance guru.
Apple's acceleration on the Stock Exchange is also linked to the promotion of Brian White, an analyst at Drexel Hamilton, who confirmed the 'buy' rating. According to White, the target for the next twelve months could easily be 202 dollars per share, good for a trillion or more billions of total market value.
