Since the beginning of this year, the "seven giants" of the US stock market have been leading the rise, and these seven tech giants have also dominated the news headlines, becoming the focus of investors' attention.
But at the same time, a US stock giant unknowingly set a new historical high - this is the "stock god" Buffett's Berkshire Hathaway Group.
Berkshire Hathaway hits historic high
On Monday Eastern Time, Berkshire Hathaway's Class A stock closed up 2.11% to $652997, surpassing the previous high of $647039 set in February this year and setting a new historical high.
Berkshire Hathaway's stock price has risen continuously in the past five trading days, and since the beginning of the year, the stock has accumulated a 20.34% increase.
The stock price trend of Berkshire Hathaway's Class A shares in the past year
After Monday's rise, Berkshire Hathaway's market value was pushed up to approximately $937.2 billion (calculated based on publicly available shares).
Berkshire Hathaway Group has a huge size and owns dozens of insurance, energy, manufacturing, retail, and service companies, making it often seen as a microcosm of the overall US economy.
Is the focus of the US stock market shifting towards value stocks?
The recent rise in Berkshire Hathaway's stock price partially reflects that the focus of the US stock market is shifting from technology stocks to value stocks.
As technology leaders led by Nvidia have seen a halt in their recent gains, some investors have begun to shift their funds from rising tech stocks to value stocks. The S&P 500 Value Index (IVE) and Russell 1000 Value Index (RLV) have both risen by about 3% in the past week after sideways consolidation for most of this year.
Berkshire Hathaway is clearly the representative of value stocks and also the largest component of the two major index ETFs mentioned above.
Meanwhile, the recent rebound in Apple's stock price has also driven up Berkshire's stock price. Since the end of March this year, Apple's stock price has risen by 37%, especially after Apple announced its AI strategy in June, which accelerated the rise of Apple's stock price. Apple is Buffett's largest holding stock, accounting for 44.5% of Berkshire Hathaway's stock investment portfolio.
Apple stock price trend over the past year
Although 93 year old Buffett has donated over half of his Berkshire Hathaway shares since 2006, he still owns approximately 14.5% of the company, worth around $135.8 billion. According to Forbes data, Buffett's net worth ranks eighth on its global billionaire list.