Berkshire Hathaway Class B shares closed at a record $579.09 on November 4, 2026, rising 3.95%, their biggest one-day gain since April 9, 2025, and are up 16.29% from $497.95 on September 30 over 25 sessions. Over the same period the S&P 500 was nearly flat, NVIDIA fell about 12.4% and Micron about 25.3%, and Berkshire issued no press release or filing explaining the rally. Berkshire's second-quarter operating earnings rose to $12.983 billion from $11.160 billion, and it bought back about $4.5 billion of stock in the quarter and bought almost $20 billion more stock than it sold, ending 14 straight quarters as a net seller. The article says the rally would weaken if buybacks stopped, cash built up again, operating earnings slipped, or Class B closed below $539.80, and the third-quarter report is due Saturday, November 7, 2026.
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