The iPhone maker is reportedly developing a slate of artificial intelligence (AI)-powered devices.
The Oracle of Omaha's final quarter as Berkshire Hathaway CEO revealed more significant net selling activity, and one curious $352 million purchase.
Shares in Berkshire Hathaway gained 3.3% in after-hours trading, after the Omaha, Neb., company said it sold shares in Bank of America and Apple and added a position in the New York Times. Berkshire disclosed its stockholdings in a regulatory filing Tuesday afternoon. The group shed 50.8 million shares of Bank of America during the December quarter, Warren Buffett’s last few months as Berkshire chief executive.
Six years after Warren Buffett sold off all of Berkshire Hathaway's newspapers and predicted unending declines for most of the industry, Berkshire disclosed a new $350 million investment in The New York Times on Tuesday. The somewhat surprising move highlighted the quarterly update Berkshire filed with the Securities and Exchange Commission about the company's stock holdings in Buffett's last quarter as CEO. Berkshire also increased its investment in Chevron just before President Donald Trump ordered the arrest of Venezuela's president, and the Omaha-based company continued selling off more of its Bank of America and Apple shares.
STORY: Wall Street's main indexes eked out slight gains on Tuesday, with the Dow, S&P 500 and Nasdaq all nudging up marginally.Technology and other AI-related shares rebounded from lows earlier in the session, explains Eric Lynch, managing director at Suncoast Equity Management."Today, it's kind of intraday volatility, like we've seen all year for the S&P 500, which is basically just flat. Investors could be forgiven to think that nothing's been happening. Today has been very much the same. We're down a point, we're back up to par, we're now positive. A lot of the AI loser names that have been impacted, not just in tech, but in things like insurance, et cetera, lately, have come running back today."After dropping as much as 1.5% on Tuesday, the S&P 500 information technology sector erased declines to close up 0.5%.Gainers included Nvidia and Apple, with shares of the latter adding more than 3%.The two offset a decline in Microsoft and a nearly 4% drop in shares of Oracle.Even with the rebound in technology names, software stocks remained under pressure, with the S&P 500 software index ending down more than 1.5%.Shares of Intuit and Cadence Design were the worst-performing in the index, with each losing more than 5%.Outside of tech, shares of General Mills tumbled 7% after the cereal maker cut its annual core sales and profit forecasts.On the flip side, Norwegian Cruise Line was the best performer on the S&P 500, with shares rallying roughly 12% after activist investor Elliott said it had built a more than 10% stake in the cruise operator.
Berkshire Hathaway late Tuesday disclosed a new position in the New York Times valued at about $350 million. Warren Buffett's Berkshire reduced positions in Apple, BofA and Amazon. Late Tuesday, New York Times shares rose 3% to a new high as Berkshire's stake became public.
Nvidia (NVDA) stock has gained about 32% over the past year, at the time of writing, Tuesday afternoon, Feb. 17, according to Yahoo Finance. Meanwhile, the SPDR S&P 500 index (SPY) is up about 11% in the same period. It is impressive that Nvidia has outpaced the S&P 500 by more than 20%, ...
Cadence Design Systems beat quarterly revenue estimates on Tuesday, as strong demand for complex artificial intelligence processors lifted sales of its chip design software. Shares of the San Jose, California-based company were up nearly 4% in extended trading. Elevated demand for chips that can handle complex AI processes has benefited the company, which offers specialized design software for mapping out intricate circuits and blueprints for common components such as memory connectors.
Berkshire Hathaway continued to trim its stakes in Bank of America and Apple in the fourth quarter and it initiated a new holding in New York Times buying five million shares of the newspaper publishing company, according to a 13-F filing after the close of trading Tuesday. Berkshire also sold most of its holdings in Amazon.com in the period. Berkshire reduced its stake in Bank of America by 51 million shares, or about 9%, to 517 million shares, while trimming its interest in Apple by 4%, or 10 million shares, to 227 million.
Berkshire Dumped Most of Its Amazon Stake and Continued Offloading Apple Shares
Apple rebounded after a high-profile analyst reiterated confidence in its AI outlook, but attention now shifts to Siri upgrades and the March product event as investors look for clearer proof of AI-driven growth.
Today, Feb. 17, 2026, AI spending angst rattled growth stocks even as value names quietly propped up a volatile Wall Street session.
The fact that Apple hasn’t been spending nearly as much on AI as other megacap tech companies wasn’t always seen as a good thing.
Siri AI Hype Fuels Investor Unease, But Analysts See Huge Upside for Apple Shares
In Warren Buffett’s last quarter as CEO, his company further trimmed its holdings in the iPhone maker.
The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed up +0.10%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed up +0.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.13%. March E-mini S&P futures (ESH26 ) rose +0.12%, and March E-mini Nasdaq futures...
Wall Street is in the middle of an AI shake-up as a tech sell-off has now extended to a wide range of industries.
You get instant diversification and a solid dividend, too.
The Strive 500 ETF (NYSEARCA:STRV) has delivered 12.6% returns over the past year, outpacing the SPDR S&P 500 ETF Trust (NYSEARCA:SPY), which gained 11.8% over the same period. This outperformance demonstrates how the fund’s low-cost structure and strategic positioning have captured the market’s growth trajectory, with the fund nearly doubling in value since its September ... A Little-Known $1 Billion ETF Charges Just 0.05% and Outperformed SPY Last Year
To bridge the gap between K-12 education, higher education, and the global workforce, SparkNC, UNC Greensboro (UNCG), and Guilford County Schools (GCS) have launched North Carolina's first SparkHub. This new learning environment is designed to connect high school students with innovative higher education experiences and in-demand technology careers.