🚨HUGE: Warren Buffett's Berkshire just spent $9.6 BILLION on stock, after Buffett sold stocks for THREE straight years. The $9.6 BILLION went into Berkshire's OWN shares, its first buybacks since 2024, a sign new CEO Greg Abel believes the company is undervalued, per FT. Buffett shed stocks on a net basis in each of his final three years in charge, before retiring at the end of 2025. This week, the AI selloff erased $3 TRILLION from US stocks in a single day. Berkshire's cash pile tops $350 BILLION, ready in the middle of the crash. One investment chief says Berkshire will "take advantage if the AI infrastructure [trade] implodes."
Coin BureauShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.