The chip maker's stock rally has lifted its valuation to $2.848 trillion and means it's closing in on the iPhone manufacturer, the second-largest company in the U.S. market by value. Read More...
Berkshire Stock Looks Good After Selloff as Book Value Grows on Apple Rally
The combination of a lower stock price and rising book value has made Berkshire Hathaway more appealing over the past two months. Berkshire Hathaway’s Class A shares, which fell 1.1% Tuesday to $609,000, now are barely beating the this year after being more than 10 percentage points ahead of the index when the stock peaked at $647,000 in late February, just after the company reported fourth-quarter 2023 earnings. Berkshire’s A shares now are up 12.2% so far this year, against an 11.8% total return including dividends for the S&P 500.
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