Berkshire Hathaway's net profit for the second quarter doubled year-over-year, with Alphabet becoming its largest equity holding.

① Berkshire Hathaway reported net income attributable to shareholders of $25.667 billion for the second quarter, compared to $12.370 billion in the same period last year. Operating profit for the second quarter was $12.983 billion, up from $11.160 billion in the same period last year; ② The company's top five equity holdings are Alphabet Inc., American Express, Apple Inc., Bank of America, and Coca-Cola.

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Berkshire's Q2 net profit doubled, with its single-quarter share repurchase amount reaching the largest in five years, and Google entered its top five holdings.

In the second quarter, Berkshire Hathaway repurchased $4.527 billion of its own shares, compared to approximately $235 million in the first quarter. In the first half of the year, the company repurchased a total of approximately $47.6 billion, with the vast majority occurring in the second quarter. Additionally, the company’s net purchases of equities in the second quarter amounted to approximately $19.8 billion, including about $10 billion spent to acquire Alphabet common stock, which propelled Google into Berkshire’s top five holdings.

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AI Hardware Price Surge Spreads to 3C Leasing: Demand Doubles as Leasing Firms Resell Graphics Cards and Memory | Frontline

① Several equipment leasing providers indicated that compared to the price increases of upstream hardware components such as memory and graphics cards, rental prices for consumer electronics have not risen as significantly, with some products seeing price hikes of approximately 5%. ② Industry insiders revealed that amid rising hardware prices, some suppliers opt to disassemble and directly sell components like graphics cards and memory modules. Many small and medium-sized equipment lessors also sell parts or entire devices to quickly generate cash, planning to repurchase them once prices decline in the future.

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