Welcome to Markets Desk, your midday read on the stories moving the needle.
Warren Buffett has officially stepped down as chairman of Berkshire Hathaway, closing one of the most remarkable chapters in corporate history. After decades at the helm, the Oracle of Omaha leaves behind a legacy built on patience, honesty, and an almost stubborn insistence on backing the right people over the right spreadsheet.
Shifting to professional services, PwC's Washington DC managing partner Jeanelle Johnson says artificial intelligence is fundamentally rewriting client expectations. Her two thousand two hundred person office is now fielding demands for deliverables in half the time it took a year ago. Johnson is careful to draw the distinction though — faster does not mean lighter. The work itself hasn't shrunk, the clock just has.
And in semiconductors, the long-horizon case for chip stocks is getting louder. Nvidia posted revenue growth of one hundred six percent year over year, pulling in ninety six point two billion dollars last quarter, with management guiding for roughly seventy percent growth through fiscal two thousand twenty eight. For investors with a multi-year appetite, the structural demand from AI infrastructure is still very much in the early innings.
That's the tape. Markets Desk, signing off the floor.
