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Buffett Sells Majority of Amazon, Bets $352M on The New York Times
business6 days ago

Buffett Sells Majority of Amazon, Bets $352M on The New York Times

Berkshire Hathaway dumped about 7.7 million Amazon shares (roughly 75% of Buffett’s AMZN stake) in Q4 and instead invested about $352 million in The New York Times Company. NYT stock has surged about 52% in the last year to $75.50, while NYT digital subscriptions rose by 780,000 year over year to 12.21 million and revenue increased 10.4% to $802.3 million, signaling Buffett’s rotation toward a brand-name media asset amid AI-driven tech valuations.

via 24/7 Wall St.|
#13f#amazon#berkshire-hathaway
Burry Warns AI Euphoria Could Crumble Into a Prolonged Downturn
business1 month ago

Burry Warns AI Euphoria Could Crumble Into a Prolonged Downturn

Michael Burry argues in a Substack debate that the AI boom is unsustainable, warning that trillions spent by hyperscalers on chips and data centers will yield few durable gains and that AI could become commoditized; he uses Buffett's Hochschild-Kohn escalator tale to illustrate wasteful spending, singles out Nvidia and Palantir as overvalued poster children, notes Alphabet's slipping lead, and predicts a long downturn with weaker tech demand and employment.

via Business Insider|
#ai-bubble#buffett#business
Gates Foundation Concentrates $38B Public Portfolio in Three Value Stocks
business1 month ago

Gates Foundation Concentrates $38B Public Portfolio in Three Value Stocks

The Gates Foundation's roughly $38 billion of publicly traded stocks is heavily concentrated in three names—Berkshire Hathaway (29.1%), Waste Management (16.7%), and Canadian National Railway (13.6%)—making up about 59% of the portfolio. About 21.8 million Berkshire shares, worth around $10.9 billion, come from Buffett's donations, reflecting a Buffett-influenced, value-oriented investment approach focused on durable, cash-generating businesses rather than flashy tech stocks.

via The Motley Fool|
#berkshire-hathaway#buffett#business
Warren Buffett's Strategic Moves in AI and Tech Stocks
business3 months ago

Warren Buffett's Strategic Moves in AI and Tech Stocks

Warren Buffett's Berkshire Hathaway bought $4.3 billion worth of Alphabet stock, signaling confidence in the tech giant and possibly in Apple's future, especially as Apple invests in AI and enhances Siri with Alphabet's language model, Gemini. This move marks a rare direct investment in a pure tech stock by Buffett, reflecting a strategic vote of confidence in both companies' futures.

via The Motley Fool|
#ai#alphabet#apple