QUICK SPARK: Berkshire Stock Is Doing Something It Hasn’t Done Since January 2018
Berkshire Hathaway has risen 10 sessions in a row, its first such streak since January 2018 and the first under CEO Greg Abel.
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Major U.S. indices ended lower on Wednesday, with the Dow Jones Industrial Average slipping 0.09% to 51,621.48.
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Berkshire Hathaway has risen 10 sessions in a row, its first such streak since January 2018 and the first under CEO Greg Abel.
Bending Spoons stock surges 45% as Berkshire Hathaway invests another $330 million, raising its stake to 4% and backing future acquisitions.
US stocks fell Wednesday as Nasdaq dropped 1.54% and Dow 0.35%; Bank of America sank 5% after weak results, while oil rose and inflation topped forecasts.
Cathie Wood’s Ark bought CoreWeave, Cerebras and Meta shares and sold Palantir shares on Wednesday, Oct. 14, 2026.
Jim Cramer endorsed CoreWeave as the only AI neocloud he trusts, but the stock plunged 15% the next day after venture capitalist Chamath Palihapitiya highlighted concerns about the company's soaring debt levels. CoreWeave faces significant financial risks with $51.6 billion in total debt obligations and projected negative free cash flow of $25-28 billion annually through 2028, raising questions about whether strong customer demand can offset the company's aggressive borrowing strategy.
CoreWeave stock crashed 15.46% on October 14, 2026, following Gartner's warning that 80% of neoclouds could disappear by 2030, exposing over $3.5 trillion in AI infrastructure spending to potential impairment. The decline was compounded by higher-than-expected CPI data and concerns about CoreWeave's bond yields surging to 15%, raising questions about a private credit bubble in the AI industry. Despite strong Q2 results and a large contract backlog, investors reassessed capacity spending across AI cloud infrastructure providers.