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Why Wall Street is selling chip stocks and buying Berkshire: Is Buffett’s oldschool stock the new hedge against the AI trade, or an early warning for markets?
Berkshire hits a record as chip stocks slump 15%: Investors dumped chip stocks and rushed to Berkshire Hathaway. Between October 2 and 20, the semiconductor ETF SOXX lost 15.1 per cent, while Berkshires Class B shares rose 7.4 per cent to a record close. This combination last happened in October 2001, as the dot-com bubble burst. Berkshires third-quarter results are due November 7.
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