Berkshire Hits Record Highs After Buffett Succession Fears Fade — SkimNews
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- Berkshire Hathaway Class A and Class B shares closed at record highs of $820,500 and $546.97, surpassing pre-announcement levels from May 2025 after an 18-month recovery.
- Greg Abel has led Berkshire through a transition following Warren Buffett's planned CEO exit, with analysts citing confidence in continuity of strategy and culture despite initial investor concerns.
- Berkshire's cash position stood at $359.2 billion as of June 30, 2026, down 3.8% from March, fueling speculation about future acquisitions as the company leverages its 'coiled spring' balance sheet.
- Investors rotated out of high-growth tech and AI stocks in October 2025, driving Berkshire’s outperformance with BRK.B gaining nearly 9% while the NYSE Fang+ index dropped 4.8%.
- Berkshire Hathaway Energy is positioning to supply power to AI data centers, a 'significant opportunity' under Abel, provided customer rates remain stable despite rising energy demand.
- Berkshire holds a $34 billion stake in Alphabet, one of the leading AI companies, revealing a nuanced exposure to AI despite being labeled the 'ultimate anti-AI play' by market observers.
Why it matters: Berkshire’s rally narrows its year-to-date gap with the S&P 500 to under four points, showing that investors are now pricing in stable post-Buffett leadership while capital shifts from speculative AI spending to cash-rich, diversified firms with tangible earnings—reshaping megacap investment preferences.
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