Berkshire Hathaway shares hit a new record high—for the first time since Buffett announced his retirement

Berkshire Hathaway investors have turned the page following the departure of the company’s legendary CEO, Warren Buffett: On Wednesday, October 21, its stock reached a new all-time high, according to Bloomberg. During trading, the stock jumped 3.2% to a record high, but then pared its gains and closed up about 0.5%. Since the beginning of the year, the company’s stock has risen about 8%.

The previous peak was recorded on May 2, 2025—one day before Buffett, to everyone’s surprise, announced that he would step down as CEO of Berkshire after nearly six decades at the helm. After that, the stock price fell for several months, reflecting concerns about how the investment guru’s departure would affect the company’s performance, Bloomberg notes.

The recovery in stock prices has provided a boost to Buffett’s successor, Greg Abel. He took over as CEO at the beginning of this year, and since then he has already taken steps to chart his own course, according to the agency. Abel has begun to draw down the massive cash reserves accumulated by his predecessor. He resumed share buybacks and closed two major deals: he expanded the construction business by acquiring Taylor Morrison Homes and supported investments by Google’s parent company, Alphabet, in artificial intelligence.

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