Apple shares

Shares jump on Warren Buffett's $US1b Apple stake, oil surge

Apple jumped 3.7 per cent to $US93.88, recovering from itsĀ lowest level since 2014 touched last weekafter fears sales growth will continue to slow.

Mr Buffett's multinational corporation Berkshire Hathaway made the investment in the first quarter, before Apple reported its first quarterly revenue decline in 13 years.

"[Apple] is stunningly cheap, and it has a massive pile of cash," Steve Wallman, founder of Wallman Investment Counsel told Reuters.