Berkshire Hathaway Inc. shares reached a new high as investors move past Warren Buffett’s departure. The Class B stock surged 3.2% to $543.06, surpassing its previous peak from May 2, 2025 — the day Buffett announced he would step down as CEO after nearly 60 years. His successor, Greg Abel, has quickly made his mark by reshaping leadership and deploying the company’s massive cash reserves.
He resumed share buybacks and completed two major acquisitions: Taylor Morrison Home Corp. to expand homebuilding, and a multibillion-dollar investment in Alphabet to support AI initiatives. These moves signal confidence in Berkshire’s future under Abel’s leadership. The company is set to report third-quarter earnings on November 7, with investors closely watching performance and strategic direction.
Source: Bloomberg Markets · Summarized by HeadlinesBriefing