Billionaire Warren Buffet bought nearly 121 million shares of computer and printer company HP.
The information, revealed in a filing by the US Securities and Exchange Commission, caused the company’s shares to rise by 10% on Wednesday night (4). At the opening of the New York Stock Exchange, there was a further 14% appreciation in securities trading.
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The amount invested by Warren Buffet in the company’s shares, according to the share price yesterday, is US$ 4.2 billion and corresponds to HP’s share of 11.4%.
According to analysts, the growth of the home office and the demand for notebooks and personal computers, the company’s main product, caused a 150% rise in its shares in the last two years and did not go unnoticed by investors.
This is the second news of the week of major investments in companies in the United States.
On Monday (4), the near-trillionaire Elon Musk bought more than 9% of the shares of Twitter for US$ 2.9 billion and with the appreciation of the shares after the announcement of the investment, Musk profited another US$ 780 million.
Warren Buffet, an American mega-investor, is known for his aversion to investing in a technology company. The purchase of the shares of HP, a computer products company, was a surprise in the markets.
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