So much for Warren Buffett avoiding tech stocks.
Earlier today, Buffett disclosed that he spent nearly $11 billion to acquire a 5.5% stake in IBM (IBM). Now the famed value investor also has acquired shares in chipmaker Intel Corp. (INTC), told CNNMoney that Intel would be a smart place for Buffett to make a bet — arguing that it’s an under-priced market leader paying a large dividend.
At this rate, maybe Buffett will soon buy some shares in Oracle (ORCL) — a move that would open up all sorts of possibilities for headline writers…
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