Berkshire Boosts Its Bet: This AI Hyperscaler Is Now a Top-3 Holding
Market Beat·- Berkshire Hathaway significantly increased its position in Alphabet during Q2 2026, boosting its holding by 83% to approximately 106 million shares valued at $37.8 billion. - This investment makes Alphabet Berkshire's third-largest holding at 12.6% of its portfolio, driven largely by strong Google Cloud revenue growth. - Berkshire also increased its stake in homebuilder Lennar by nearly 30% while reducing holdings in major firms like Capital One Financial and Nucor.Stock Futures Lower Despite Falling Bond Yields
Schaeffers·- Major U.S. stock futures opened lower following weekly losses, though falling bond yields helped pare some declines. - Nucor shares rose 4.6% after a failed U.S. - Canada trade deal, while Alibaba announced a 10.2 billion dollar share sale to fund AI projects. - Asian markets finished lower, influenced by Alibaba's share dilution risks, while European bourses experienced mixed midday trading.Morgan Stanley Initiates ArcelorMittal ADR Coverage at Overweight with $82 Price Target, Highlighting Compelling Valuation Upside
Tip Ranks·- Morgan Stanley initiated coverage of ArcelorMittal ADR with an overweight rating and an 82 USD price target. - Analyst Adahna Ekoku cited attractive valuation upside, favorable EV/EBITDA metrics, and currency factors to support a buy rating. - Jefferies also maintained a buy rating on the stock with a 71.00 EUR price target in a separate report.