In the meantime, Berkshire Hathaway Energy appears well-positioned to capitalize on some of the AI upside (rising energy demand from data centers) without as much risk of being penalized if there is a correction that will probably disproportionately affect hyperscalers and semiconductor firms.

Berkshire Hathaway also said that it did not make any stock buybacks in the first half of the year. Berkshire only buys back shares when Buffett believes that the stock's repurchase price is below a conservative estimate of the company's intrinsic value, according to the earnings report.

Berkshire Hathaway filed to formally separate Warren Buffett’s current two roles, CEO and executive chairman, to pave the way for a new top leader. Buffett informed investors in May that he was stepping down as CEO, effective Jan. 1, 2026. Greg Abel is ...