24 February 2026
Berkshire's Bold Pivot: New CEO Abel Ditches Amazon, Bets Big on NYT and AI
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Berkshire Hathaway has been making waves with its latest portfolio moves under new CEO Greg Abel, who took over after Warren Buffett stepped down at the end of 2025. Fortune reports that on February 18, 2026, the company disclosed a stunning $350 million stake in The New York Times, snapping up about 5 million shares in the final quarter of last year, just six years after Buffett dumped all its newspaper holdings and called the industry toast. Its a full circle moment, gushed Tim Franklin, journalism professor at Northwestern, hailing it as a huge vote of confidence in the Times digital boom, with 14 million subscribers and revenue up 9 percent to 2.8 billion per Reuters via MediaPost. Shares jumped nearly 3 percent after hours, and pundits are buzzing whether this was Buffetts parting shot or Abels savvy play, since deals under a billion often come from other managers.
TheStreet revealed on February 13 that Berkshire slashed its Amazon stake by over 77 percent amid soaring AI spending, dumping most of its cloud giant bet while AI capex explodes toward 700 billion from big tech this year. But theyre not shunning tech entirely, building a 4.3 billion Alphabet position for selective AI exposure via Google Cloud and Gemini, per CNBC and Fox Business analysts. TradingKey notes the firm piled up nearly 400 billion in cash through 2025, parking it in 3.6 percent Treasuries, trimming Apple to 228 million shares worth 59 billion and Bank of America by 50 million to 81 million, while boosting Chevron to over 130 million shares just before Trumps Venezuela oil drama.
Nasdaq buzzed on February 23 that Apple, long Buffetts top holding, is slipping, down 75 percent from peak after selling 687 million shares over nine quarters, with American Express at 52 billion now nipping at its heels thanks to fat 39 percent yield on cost dividends and no sales. Berkshire owns insurance behemoths like Geico, BNSF rail, utilities, and sweets like See's Candies outright. This cash hoard and decentralized setup scream resilience for the post-Buffett era, prioritizing bargains over AI hype, with mid single digit returns eyed for 2026 unless markets reset. Investors are glued, copying every twitch as Abel proves the Oracle's machine keeps humming.
Get the best deals https://amzn.to/3ODvOta
This content was created in partnership and with the help of Artificial Intelligence AI
Berkshire Hathaway has been making waves with its latest portfolio moves under new CEO Greg Abel, who took over after Warren Buffett stepped down at the end of 2025. Fortune reports that on February 18, 2026, the company disclosed a stunning $350 million stake in The New York Times, snapping up about 5 million shares in the final quarter of last year, just six years after Buffett dumped all its newspaper holdings and called the industry toast. Its a full circle moment, gushed Tim Franklin, journalism professor at Northwestern, hailing it as a huge vote of confidence in the Times digital boom, with 14 million subscribers and revenue up 9 percent to 2.8 billion per Reuters via MediaPost. Shares jumped nearly 3 percent after hours, and pundits are buzzing whether this was Buffetts parting shot or Abels savvy play, since deals under a billion often come from other managers.
TheStreet revealed on February 13 that Berkshire slashed its Amazon stake by over 77 percent amid soaring AI spending, dumping most of its cloud giant bet while AI capex explodes toward 700 billion from big tech this year. But theyre not shunning tech entirely, building a 4.3 billion Alphabet position for selective AI exposure via Google Cloud and Gemini, per CNBC and Fox Business analysts. TradingKey notes the firm piled up nearly 400 billion in cash through 2025, parking it in 3.6 percent Treasuries, trimming Apple to 228 million shares worth 59 billion and Bank of America by 50 million to 81 million, while boosting Chevron to over 130 million shares just before Trumps Venezuela oil drama.
Nasdaq buzzed on February 23 that Apple, long Buffetts top holding, is slipping, down 75 percent from peak after selling 687 million shares over nine quarters, with American Express at 52 billion now nipping at its heels thanks to fat 39 percent yield on cost dividends and no sales. Berkshire owns insurance behemoths like Geico, BNSF rail, utilities, and sweets like See's Candies outright. This cash hoard and decentralized setup scream resilience for the post-Buffett era, prioritizing bargains over AI hype, with mid single digit returns eyed for 2026 unless markets reset. Investors are glued, copying every twitch as Abel proves the Oracle's machine keeps humming.
Get the best deals https://amzn.to/3ODvOta
This content was created in partnership and with the help of Artificial Intelligence AI