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Apple rises after Warren Buffett ups his stake by 75 million shares (AAPL)

Shares of Apple rose more than 1% in early trading Friday after billionaire investor Warren Buffett said he’d added 75 million shares of the tech giant’s stock to his portfolio.

The new stake, coupled with the firm’s 165.3 million shares already owned, brings Buffett’s total Apple holdings to 240.3 million. At Friday’s trading prices, the stake is worth roughly $42.92 billion.

Buffett disclosed the new investment Thursday evening in an interview with CNBC ahead of Berkshire Hathaway’s annual meeting in Omaha, Nebraska.

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