Stocks Rise as Tech Gains Ground Amid Easing AI Fears

In Buffett’s Last Quarter as CEO, Berkshire Slashed Amazon Stake and Sold More Apple

FROM 46 minutes ago

Berkshire Hathaway (BRK.A)(BRK.B), the conglomerate formerly led by famed investor Warren Buffett, reduced its holdings in tech giants Apple (AAPL) and Amazon (AMZN) in the final quarter of 2025, according to a regulatory filing released Tuesday. 

Berkshire sold about 10.3 million shares of Apple, about 4% of the firm’s stake in the iPhone maker. Berkshire has been steadily trimming its stake in Apple—its largest position—since late 2023, though the pace of its sales has slowed. Berkshire’s stake, once worth about $175 billion, totaled about $60 billion as of Tuesday’s close. Shares were down about 0.3% in early trading Wednesday.

Berkshire made a bigger cut to its Amazon holdings, selling 7.7 million shares, or more than 75% of its stake in the e-commerce giant. The holdings, worth about $2.1 billion at the end of the third quarter, were valued at about $457 million as of Tuesday. Amazon stock rose 1.5% Wednesday morning.

Tuesday’s filing is the last Berkshire portfolio update overlapping with Warren Buffett’s tenure as chief executive. Buffett, who took over Berkshire in 1965 and built it into an insurance and investment behemoth worth more than $1 trillion, officially handed the reins over to current CEO Greg Abel when he retired at the end of last year.

Apple stock rose nearly 7% in the fourth quarter. Apple, unlike Big Tech peers such as Meta (META) and Alphabet (GOOG), is not spending hand over fist on AI infrastructure, and that became a tailwind for the stock when the AI rally wavered last quarter. Amazon shares rose 5% in the same period.

Futures Point To Higher Open as Tech Stocks Find Footing

FROM 1 hr 39 min ago

Futures contracts connected to the Dow Jones Industrial Average were up 0.3% in premarket trading on Wednesday.

S&P 500 futures rose 0.4%.

Nasdaq 100 contracts gained 0.5%.