Berkshire Hathaway's Class A and B shares closed at all-time highs this week, erasing the losses since Warren Buffett announced at the 2025 shareholders meeting that he would step down as CEO. Class A closed at $820,500 and Class B at $546.97 on Thursday, compared with $809,350 and $539.80 on May 2, 2025. Class B has gained almost 9% since early October, while the S&P 500 slipped 0.4% and the NYSE FANG+ index fell almost 4.8% as investors rotated out of tech and AI stocks. Commentators cited Berkshire's more than $350 billion in cash and close to $50 billion in annual after-tax earnings as a defensive profile, while CEO Greg Abel sees supplying energy to AI data centers as a significant opportunity. Berkshire also holds a $34 billion position in Alphabet.
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