Berkshire Hathaway Stock Hits Record High: $360 Billion Cash Generates Interest Income, UBS Lifts Target to $942,000
On October 22, Eastern Time, amid a sell-off in AI-related stocks, Berkshire Hathaway (BRK.A) (BRK.B) reached a new all-time high once again. As of press time, the company's shares were up 1.53% at $823,750. Yields on the company's massive cash reserves under elevated short-term interest rates, combined with the strong performance of major holdings such as Apple and Coca-Cola, may be key factors driving the stock price higher.
TradingKeyThu, Oct 22