Berkshire Hathaway’s Class A shares are poised for a 10th consecutive day of gains, a streak not seen since January 2018. The shares recently reached an intraday high of $786,000. The rally comes amid broader market volatility and suggests investor confidence in the conglomerate under CEO Greg Abel.
Analysts cite the strategic deployment of Berkshire’s substantial cash reserves as one factor behind the advance. Recent investments include a $330 million infusion into digital media company Bending Spoons and an increased stake in homebuilder Lennar. Higher short-term interest rates may also benefit Berkshire because of its large cash holdings.