Veytics Intelligence
2026-11-07 · CNBC

Berkshire shares surge as Wall Street swoons amid AI fears

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(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Berkshire Hathaway shares roared past the S&P 500 index this week as investors moved money away from slumping tech stocks and moved into what appears to be the relative safety of a traditional conglomerate with relatively little exposure to artificial intelligence amid fears massive spending on data centers won't pay off . One month ago, Berkshire's widely held B shares were underperforming the S&P by 13.6 percentage points for the year. With help from three more record-high closes this week, Berkshire is now 5.8 percentage points ahead of the benchmark.

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