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Berkshire Hathaway stock buybacks
Finance · 3 updates
Berkshire Hathaway spends down cash pile under CEO Greg Abel
Berkshire Hathaway Inc. spent about $4.5 billion to buy back its own shares in the second quarter and purchased nearly $20 billion of equities in the period, signs that Chief Executive Officer Greg Abel is putting more of the firm’s cash pile to work.Berkshire started buying back its own shares in the first quarter for the first time in more than a year. Earlier this year, Abel said Berkshire was restarting buybacks because executives found the “intrinsic value” of those shares exceeded their market price.“People are going to be encouraged by the buybacks,” said Cathy Seifert, an analyst for C
Why Google is making headlines in Berkshire's biggest quarter of stock-buying
In a remarkable shift, Berkshire Hathaway has expanded its investment in Alphabet, acquiring approximately 106 million shares, marking its most significant stock purchase quarter in years. Additionally, the conglomerate escalated its Delta Air Lines investment by 44 percent, with total stock spending exceeding $23 billion last quarter. This change ends a 14-quarter trend of being a net seller.
Berkshire Hathaway CEO Greg Abel sees AI, power demand as new engines of growth
Berkshire Hathaway is betting that the artificial intelligence boom will create opportunities well beyond technology stocks, with CEO Greg Abel pointing to the significant growth potential of data centers and energy business in the massive infrastructure buildout needed to power AI, a Reuters report said citing Abel's interaction with CNBC.Abel said that Berkshire sees significant opportunities from the expansion of AI data centers, following its decision to make Alphabet its third-largest common stock holding.Reuters reported that Berkshire ended June with nearly 106 million Alphabet shares w
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