In the meantime, Berkshire Hathaway Energy appears well-positioned to capitalize on some of the AI upside (rising energy demand from data centers) without as much risk of being penalized if there is a correction that will probably disproportionately affect hyperscalers and semiconductor firms.

Warren Buffett says he is “going quiet” — “sort of.” The legendary investor sent one of his famous letters to Berkshire Hathaway shareholders this week as he prepares to retire as CEO at the end of the year and hand the reins to Gregory Abel. Reflecting on his 95 years, he wonders: “Can it be that there is some magic ingredient in Omaha’s water?”

Big Tech and other superstars of the U.S. stock market rallied, and Wall Street recovered most of its loss from last week.

Warren Buffett is keeping a huge cash reserve and paring down positions in tech as 2025 draws to a close, while waiting for the next big opportunity.