welcome: This Warren Buffett approved stock has become a favorite among retail traders

Thursday, August 4, 2022

This Warren Buffett approved stock has become a favorite among retail traders

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The Warren Buffett Effect

Warren Buffett.

Gerald Miller | CNBC

Ever since Berkshire Hathaway initially revealed a $5 billion stake in this company, the stock has witnessed a massive 16.5-time increase in average daily net flows from retail investors — from $500,000 per day to $8.25 million a day, according to data from VandaTrack.

Warren Buffett's conviction bet on this stock has inspired a legion of retail investors to follow suit, as he continues to add this stock to his portfolio.

Subscribe to CNBC Pro to see which stock the "Oracle of Omaha" has been steadily adding to his stake since March.

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