Buffett's Berkshire repurchases $9.6 billion in shares, with cash reserves exceeding $350 billion
2026-11-08 00:45:51
According to CoinMeta, Warren Buffett's Berkshire Hathaway has just repurchased $9.6 billion in shares, marking the first time such a repurchase has occurred since 2024, indicating that the new CEO, Greg Abel, believes the company is undervalued. Buffett sold shares netly in the last three years before his retirement, while this week's sell-off in artificial intelligence caused the U.S. stock market to lose $3 trillion in one day. Berkshire has a cash reserve of over $350 billion and is ready to look for opportunities during a market collapse. An investment executive stated that Berkshire will "seize opportunities when the artificial intelligence infrastructure trading collapses."
Source:X
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