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Original headline: Why Berkshire’s $930 Million Bending Spoons Buy Is Such a Curveball
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- Bending Spoons skyrockets 35% as Berkshire Hathaway makes $330 million investment
Bending Spoons shares jumped 35% after a new securities filing showed Berkshire Hathaway made a fresh $330 million investment in the company. The deal follows Berkshire's $600 million investment in July, when the Italy-based firm listed on Nasdaq. Under the agreement, Bending Spoons will issue 10 million ordinary shares to Berkshire at $33 each, lifting Berkshire's stake to 4%. Co-founder Francesco Patarnello said the investment reflects confidence in the team and platform and will boost financial flexibility for acquisitions.
- Bending Spoons wants to revive software castoffs. Berkshire is backing the plan
Bending Spoons, a Milan-based holding company that listed on Nasdaq, is buying older software businesses that have fallen out of favor amid the AI boom. Berkshire Hathaway disclosed a $330 million stake this week, bringing its total investment to over $900 million; the stock jumped 41% before giving back some gains, leaving a market cap of about $30 billion. The company agreed to buy Airtable for about $1.3 billion, almost 90% below its late-2021 peak valuation, and a large portion of Airtable's pre-acquisition team will leave with substantial separation packages. The article links these moves to the 'SaaSpocalypse,' as AI agents displace traditional software-as-a-service products. Unlike private equity firms, Bending Spoons aims to hold and profit from the businesses it buys rather than sell them.
- Berkshire Hathaway Tosses Bending Spoons Another $300M
- Meet Warren Buffett Successor Greg Abel's Newest Investment: Bending Spoons. Should Investors Follow Suit and Buy the Stock?
Greg Abel, now in charge of Berkshire Hathaway, has made a new tech bet on Bending Spoons (BSP), which Berkshire first bought for around $600 million when the company IPO'd at $29 in July. The conglomerate has now added another $330 million through a private placement this month, buying 10 million shares at $33, about a 13% discount to the previous day's price. Bending Spoons is a digital technology holding company that acquires digital-first businesses and uses AI to lift revenue and cut costs; its revenue reached $1.3 billion in 2025, up 95%, and second-quarter 2026 revenue rose 126% to $704.2 million. It bought Airtable for nearly $1.3 billion in September, agreed to buy Miro for nearly $1.4 billion, and relies on significant debt financing. The author would pass on the stock, citing the debt-financed roll-up model, aggressive deal-making and AI disruption risk, especially after the share price jumped on news of Berkshire's investment.
- CoreWeave, HPE, Dell, Bank of America, Morgan Stanley, Bending Spoons, and More Stocks That Explain Today’s Market
- Why Bending Spoons Stock Popped Today
Bending Spoons shares rose 35.4% by 10:35 a.m. ET Wednesday after Berkshire Hathaway announced it would spend $330 million to lift its stake to 4%, buying 10 million shares at $33 each, a 13% discount to Tuesday's close. Berkshire had bought a $600 million stake at the company's July 2026 IPO, and after the jump that position is up 55.5%. The Milan-based maker of M&A software trades at more than 16 times trailing sales and over 130 times earnings, though it generated $453 million in free cash flow over the last 12 months, about 80% more than reported net income. Analysts polled by S&P Global Market Intelligence expect 55% annual earnings growth over five years, but the author believes the easy gains have already been made and better bargains can be found elsewhere.
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- CoreWeave Dropped 20% Last Week. Is It Time to Panic or Buy?
CoreWeave shares fell more than 20% as of Oct. 16, driven mainly by concerns over debt and spending. The company carries about $35 billion in total debt against $5.5 billion in cash, with net interest payments reaching $640 million in the second quarter alone, unsecured bond yields approaching 15%, and an S&P rating of B+. Capital expenditure was just over $16 billion in the first half of 2026 and could reach $39 billion for the year, roughly triple its $12.4 to $13.2 billion revenue guidance. States are also weighing restrictions on data centers. On the positive side, second-quarter revenue rose 112% year over year and the backlog exceeded $104 billion. The author has reservations and sees the drop as an opportunity only for the most risk-tolerant investors, who might build a position slowly, while the company needs to prove it can convert its backlog efficiently and manage debt.
- Apple’s iPhone Duo Sold Out In Minutes. The Last Time Apple Reinvented The Phone, One Apple Supplier’s Stock Soared About 1,200% In A Decade
Apple's first foldable iPhone, the iPhone Duo, sold out within minutes of its worldwide preorders opening on Oct. 16, but buyers who ordered more than an hour later face a delay of nearly three months, according to Korea JoongAng Daily, which puts the U.S. starting price at $1,999. One unnamed supply-chain source said Foxconn's final-assembly yield was just above 60% heading into late September, against the 90%-plus rate Apple typically expects, and the hinge, which holds more than 100 parts, is cited as a constraint. Analyst Jeff Pu cut his 2026 shipment estimate from 7 million to 6 million, while reported forecasts range from about 6 million to 10 million units. The article also recalls that Skyworks Solutions, identified as the power-amplifier supplier of the original iPhone, rose about 1,200% over a decade, though those figures cover price only.
- Why Sandisk Stock Shot Higher Today
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JPMorgan is launching JPM Coin, its dollar deposit token, on Ethereum and will offer it to institutional clients there, as announced Monday and reported by Bloomberg. Emma Landriault, global head of Kinexys Labs, said Ethereum's liquidity and the fact that the bank's clients already use it drove the choice. The token targets large crypto firms that pay onchain and financial institutions active in tokenized assets, which can use it as onchain cash to settle trades or as collateral. JPM Coin debuted last year on Base, and it lets clients move dollars in seconds at any hour, whereas a transfer can otherwise take several days. JPMorgan's private Kinexys network already handles daily volume above $7 billion, the bank's payments arm handles around $12 trillion in daily payments, and Open Standard launched its OUSD stablecoin on Ethereum, Solana, Base and Tempo last month.
- Prediction : Amazon Next Chapter Could Be Its Most Important One Yet
24/7 Wall St. sets a price target of $332.67 for Amazon (AMZN), 30.4% above the current $255.20, and rates the stock a buy with 70% confidence. The thesis rests on AWS, which grew 37% last quarter, its fastest pace in 18 quarters, while Amazon plans to spend about $200B in 2026 on AI infrastructure, chips, robotics and satellites. The article flags risks: trailing free cash flow turned negative at about -$7.6B after second-quarter capex rose 68.44%, and long-term debt climbed to $119.1B from $65.6B. It compares Amazon's valuation with Microsoft and Alphabet, and says the author would stay constructive if AWS growth stays above 30% and free cash flow turns positive in 2027.
- Explainer - What behind Egypt move towards possible military involvement in Saudi - Yemen conflict ?
Egypt's parliament is expected to vote next week on authorising its armed forces to help defend Saudi Arabia against Houthi attacks from Yemen, if Riyadh requests support. President Abdel Fattah al-Sisi made the request in a Saturday speech, a clear escalation from Cairo's measured tone since the Iran war began, though Egypt has not publicly committed to a direct combat role. Egypt relies heavily on Gulf states for remittances, aid and deposits, including a $5.3 billion Saudi deposit at Egypt's central bank due this month. Analysts say security concerns, including a July drone strike on two gas vessels at Damietta and shared interest in Red Sea shipping, are pushing Cairo toward a more active stance. Egypt receives about $1.3 billion a year in US military aid and previously sent air and naval forces to the Saudi-led coalition in Yemen in 2015.
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