Berkshire Class B shares hit record high, emerging from Buffett departure shadow.

BlockBeats news, October 22, according to BIT(bit.com) market data, Berkshire Class A shares (BRK.A) rose 0.8%, Class B shares (BRK.B) rose 1.1%, to $544.73. Class B shares hit a record high, breaking above the previous high of May 2, 2025.

On May 3, 2025, Warren Buffett announced he would step down as CEO after nearly 60 years at the helm, and the stock fell for several consecutive months after the announcement. Less than a year into the formal tenure of successor Greg Abel, the company has resumed stock buybacks and finalized two multi-billion-dollar deals: the acquisition of Taylor Morrison home-related assets to expand the homebuilding business, and a stake in Google parent Alphabet to bet on artificial intelligence. Keefe, Bruyette & Woods analyst Meyer Shields said the company still holds about $360 billion in cash, and higher U.S. short-term interest rates help it earn more from that. Meanwhile, Apple and Coca-Cola shares have set records in succession, with Coca-Cola after its surge even overtaking Google to become the third-largest holding, and sixth-largest holding Chevron also benefiting from rising oil prices. Berkshire is expected to report third-quarter results on November 7.