Berkshire Hathaway Rose While Every Major Chip Stock Fell Monday
When the AI complex wobbles, the money has to go somewhere. Monday it went to the giant whose earnings don't depend on the build-out.
Overview
Berkshire Hathaway's (NYSE:BRKA)(NYSE:BRKB) B shares rose about 1.3% Monday morning, to about $502 as of this writing, while the market's chip complex went the other way.
Nvidia fell about 2%, down for a seventh session in a row. Advanced Micro Devices dropped about 3%, Broadcom about 2%, Intel about 3%, and Micron Technology about 5%.
Details
That is every major chip stock down on a day the S&P 500 (SNPINDEX:^GSPC) slipped only modestly, and the biggest conglomerate in the index up more than a percent.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.