Good evening, this is Markets Desk with your end-of-day briefing.
Warren Buffett's cash posture is drawing renewed attention on Wall Street. Berkshire Hathaway was a net seller of equities for thirteen consecutive quarters heading into Buffett's retirement, and his preferred valuation measure continues to flash caution. When the most celebrated long-term buyer in market history stays on the sidelines that long, the signal is hard to dismiss.
Shifting to the technology trade, Nvidia has dominated the artificial intelligence buildout, but a new ETF is making a pointed argument that the next leg of gains belongs elsewhere. Software stocks have lagged badly, weighed down by fears that AI commoditizes their core products. The bet here is that the infrastructure wave eventually lifts the application layer, and patient money is starting to position for that rotation.
And on the hiring front, a CEO who received more than seven hundred applications for a single project manager role says artificial intelligence writing is not an automatic disqualifier, but there is a line. Generic, hollow responses got flagged immediately. The takeaway for candidates is that AI can assist, but the moment it replaces your actual voice, the application loses credibility entirely.
That's the tape. Markets Desk, signing off the floor.
