news

Cailianshe News, July 16 (Editor: Liu Rui)Since the beginning of this year,US stocksThe "Big Seven" have been leading the rise of U.S. stocks, and these seven technology giants have been dominating news headlines and becoming the focus of investors' attention.

But at the same time, a US stock giant has unknowingly set a record high - this is the "stock god"BuffettofBerkshireBerkshire Hathaway Group.

Berkshire Hathaway hits all-time high

On Monday, Eastern Time, Berkshire Hathaway Class A shares closed up 2.11% to $652,997, surpassing the previous high of $647,039 set in February this year, setting a new historical high record.

Berkshireshare priceThe stock has risen continuously for the past five trading days and has risen 20.34% so far this year.

Berkshire Hathaway Class A stock price trend over the past year

Monday's gains pushed Berkshire Hathaway's market value to about $937.2 billion, based on reported shares outstanding.

Berkshire Hathaway is a large company that owns dozens of insurance, energy, manufacturing, retail and service businesses, so it is often seen as a microcosm of the overall U.S. economy.

Is the focus of US stocks beginning to shift toward value stocks?

The recent rise in Berkshire's stock price partly reflects that the center of gravity of the U.S. stock market is beginning to shift fromTechnologyShift to value stocks.

As the recent gains of technology leaders led by Nvidia have stalled, some investors have begun to shift funds from high-flying technology stocks to value stocks. The S&P 500 Value Index (IVE) and the Russell 1000 Value Index (RLV) have both risen by about 3% in the past week after trading sideways for most of the year.

Berkshire is obviously the representative of value stocks, and it is also the index of the above two indexes.ETFThe largest constituent stock.

At the same time, the recent rebound in Apple's stock price has also driven up Berkshire's stock price. Since the end of March this year, Apple's stock price has risen by 37%, especially after Apple announced its AI strategy in June, Apple's stock price has accelerated. Apple is Buffett's largest holding, accounting for 44.5% of Berkshire's stock portfolio.

Apple's stock price trend over the past year

Although the 93-year-old Buffett has donated more than half of his Berkshire stock since 2006, he still owns about 14.5% of the company, worth about $135.8 billion, according to Forbes, which ranks Buffett eighth on its list of the world's richest people.