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What Warren Buffett's $1 Billion Apple Investment Says About Tech

An Apple sign is seen outside of a store  on April 26, 2016 in Miami Beach, Florida.  Investors are awaiting Apple Inc. scheduled reporting today of its fiscal quarter that ended March 26.  (Joe Raedle/Getty Images)
An Apple sign is seen outside of a store on April 26, 2016 in Miami Beach, Florida. Investors are awaiting Apple Inc. scheduled reporting today of its fiscal quarter that ended March 26. (Joe Raedle/Getty Images)

Warren Buffett’s conglomerate Berkshire Hathaway revealed a $1 billion investment in Apple made earlier this year, boosting the technology company’s stock by almost 4% Monday. Arguably one of the most well-known investors in the world, Buffett has long had an aversion to technology stocks, making the move somewhat unexpected, especially alongside his announcement that he will join Dan Gilbert, the founder of Quicken Loans, in a bid for Yahoo.

Here & Now co-host Robin Young speaks with Arik Hesseldahl of Recode for a look at what may be driving both ventures.

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