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The Economic Times
The Economic Times
Anupam Nagar

US Stock Market: Berkshire shares rally on strong Q2 results, accelerating capital deployment

Berkshire Warren Buffett Greg Abel Berkshire Hathaway Alphabet UBS

Berkshire Hathaway shares climbed to their highest level since Warren Buffett announced his departure as chief executive in May 2025, after successor Greg Abel began deploying the conglomerate’s vast cash reserves and quarterly results exceeded analysts’ expectations, as per a Reuters report.

The Omaha, Nebraska-based conglomerate’s cash and cash equivalents fell to $364.7 billion as of June 30, from a record $380.2 billion three months earlier, Berkshire said in its quarterly report on Saturday.

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