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Berkshire Hathaway shares hit high after Buffett resignation
Shares of Berkshire Hathaway reached new record levels, surpassing $543.06, despite concerns related to Warren Buffett stepping down as CEO after leading the company for six decades. This supported the new management strategy led by Greg Abel, who began repurchasing shares worth over $4.5 billion and invested billions of dollars in sectors such as homebuilding and artificial intelligence, reflecting renewed market confidence in the company's ability to grow its assets despite the absence of its historic leadership. The third-quarter results are scheduled to be announced in November, amid anticipation of financial performance and new investments.
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