Berkshire shares buck market sell-off, rally to highest since Buffett said he would step down as CEO
Berkshire Hathaway shares are at their highest level since Warren Buffett told shareholders at the May 2025 annual meeting he planned to step down as CEO at the end of that year.
TL;DR
- Berkshire Hathaway Class A and B shares are nearing their all-time closing highs, recovering from a dip experienced after Warren Buffett's announcement of his planned CEO departure.
- Under new CEO Greg Abel, Berkshire Hathaway is actively deploying its substantial cash pile through share buybacks and strategic investments, including a profitable investment in the Italian tech company Bending Spoons.
- Factors contributing to the stock's recovery include higher short-term interest rates, favorable conditions for its insurance operations, and a market trend favoring 'old' economy stocks over high-flying tech and AI stocks.
- Berkshire Hathaway's investment in Bending Spoons, an Italian tech company, has shown significant short-term gains, with the company increasing its stake and the investment proving profitable.
- Long-time holdings like Coca-Cola are also performing well, closing at all-time highs, indicating broad strength across Berkshire's diverse portfolio.