Welcome back to Markets Desk, where we track what's moving money and markets.
Berkshire Hathaway is making its most aggressive deployment of capital in years. Under new CEO Greg Abel, the conglomerate has agreed to purchase ten billion dollars of Alphabet stock just one day after announcing an eight point five billion dollar acquisition, signaling that the nearly four hundred billion dollar cash pile Warren Buffett left behind is finally being put to work.
Shifting to a name that caught serious attention last month, Robinhood surged twenty nine percent in May, recovering sharply after a steep selloff tied to Bitcoin's earlier weakness. Cryptocurrency remains a core growth engine for the platform, and as digital assets stabilized and sentiment improved, traders rotated back in with conviction, lifting the stock to one of its strongest monthly performances in recent memory.
And staying in the trillion-dollar conversation, one AI stock has actually outpaced Nvidia in market cap gains so far this year, a remarkable fact given that Nvidia crossed four trillion dollars in valuation and became the world's most valuable company. The question investors are wrestling with now is whether that momentum reflects durable earnings power or a valuation story that has simply run ahead of fundamentals.
That's the tape. Markets Desk, signing off the floor.
