Why Wall Street is selling chip stocks and buying Berkshire: Is Buffett’s old-school stock the new hedge a
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.
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.
What's Your Reaction?
