Wall Street: Berkshire increases Google stake by almost 50 million shares
B Berkshire Hathaway is buying Alphabet shares and now holds around 106 million shares of the Google Group. Nvidia significantly reduces its hedge for an OpenAI data center.
US stock markets started the week with mixed results, with the Nasdaq gaining while the Dow Jones declined. Nvidia is reducing its direct investment in an OpenAI data center in Ohio from $250 billion to $120 billion, but may provide up to $350 billion in financing for chip purchases, bringing its total risk to $470 billion. The company is also considering a $3 billion investment in data center developer SB Energy.
Berkshire Hathaway has increased its stake in Google to around 106 million shares, making it the company's third-largest holding. Meanwhile, PayPal rose on reports of takeover talks with Stripe and Advent International.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
