Sherwood News

Berkshire Hathaway invests in The New York Times, cuts stakes in Amazon and Apple

The latest SEC filing shows the company’s first media buy since 2020.

2/18/26 9:34AM

As Warren Buffett wrapped up his 60-year run as CEO of Berkshire Hathaway at the end of last year, the Omaha-based conglomerate made some bets in an industry it hadn’t touched in six years, according to its latest 13F filing, disclosed Tuesday.

In the fourth quarter of 2025, Berkshire Hathaway bought 5.1 million shares (worth $351.7 million) of The New York Times — a legacy newspaper that’s arguably transformed itself for the digital age better than any other, becoming a games-cooking-news powerhouse that now boasts nearly 13 million subscribers.

The move marks Berkshire’s return to the news media since 2020, when it sold off its newspaper holdings, including Buffett’s hometown daily, the Omaha World-Herald. Still, the Times barely registers in the company’s overall public portfolio, at just 0.12% — and that's a complete rounding error at Berkshire's scale, just 0.03% of its total market cap.

At the same time, Berkshire seems to be repositioning toward the old economy while paring back some of its tech exposure. The company trimmed its stake in Amazon by 77%, while cutting its Apple holding by around 4% — though the iPhone maker remains Berkshire’s largest holding.

Meanwhile, energy and insurance quietly bulked up, with stakes in Chevron and Chubb increasing by 6.5% and 8.7%, respectively.

Shares of The New York Times were up as much as 4% in early trading on Wednesday following the report, hitting a 52-week high, though they have since pared much of those gains.

Paige Oamek43m

Hardware stocks jump thanks to server demand and record Lenovo revenue

Server stocks are rallying as Dell, Super Micro Computer, and Hewlett Packard Enterprise ride the momentum of Hong Kong-based Lenovo. The PC-maker's stock rose 19% on Friday, hitting an all-time high, on record Q4 earnings.

Powering the positive earnings report was the company's AI-related revenue, which grew 84% in the fourth quarter and now makes up for over a third of total revenue. Investors seem to think the increased demand for servers could have trickle-down effects to other companies.

"The company's results and commentary reinforced the outlook for strong AI-infrastructure demand while indicating resilient broader traditional server and storage spending," wrote Bloomberg Intelligence senior technology analyst Woo Jin Ho. "Lenovo's $21 billion AI-server pipeline and remarks that demand is outpacing supply support Dell's AI-demand momentum and point to robust orders."

AI's insatiable computing demand is reshaping the hardware industry and driving up server demand.

Dell will report first quarter earnings Thursday, May 28.

Take-Two’s “GTA 6” forecast feels absurdly conservative

Take-Two issued a 2027 net bookings forecast about $1 billion below Wall Street’s estimates. The stock is falling on Friday.

Max Knoblauch4h

The D-Wave 2X quantum system, is operated at the NASA Advanced Supercomputing facility's Quantum Artificial Intelligence Laboratory at NASA's Ames Research Center in Mountain View, Calif., as seen on Tuesday December 8, 2015.

Quantum computing CEOs hope “validating” government backing proves their technology is no longer speculative

The government funding is a push to boost the foundational elements of quantum computing to get the industry ready for prime time. The CEOs of Infleqtion and D-Wave give us their thoughts.

Luke Kawa5h

Helena Cheng6h

Ross Stores surges as Q1 results beat expectations, full-year guidance raised

Ross shares are rising after the company delivered strong Q1 results, with sales topping Wall Street’s projections.

The stock soared 6.3% just after the open.

Key numbers:

Earnings per share of $2.02 vs. $1.47 year over year (estimate: $1.72).
Sales of $6.01 billion, up 21% year over year (estimate: $5.61 billion).
Comparable sales growth of 17% (estimate: 8.58%).

CEO Jim Conroy attributed the results to better traffic in stores. “Customer traffic was the primary driver of the strong sales trend as compelling merchandise assortments, higher customer acquisition and engagement from our ongoing marketing initiatives, and an improved in‑store experience are resonating with shoppers.”

The company also noted that transaction volume grew across all key demographics, including “income levels, ethnicities, and age groups, including younger customers.” Sales were also likely buoyed by standard seasonal tailwinds, including consumer spending from tax refunds.

Backed by the strong quarter, the company lifted its full-year targets. Ross now projects same-store sales growth of 6% to 7%, up from the prior forecast of 3% to 4%, topping Wall Street’s estimate of 4.64%. It boosted its annual EPS guidance to a range of $7.50 to $7.74, versus the prior outlook of $7.02 to $7.36.

Ross Stores has been one of the retail sector’s standout performers this year, rising around 20% year to date as of Thursday’s close.

Max Knoblauch6h

Imax surges on report it’s approached entertainment companies for a sale

Imax is on pace for its best trading day since 2021 following a Wall Street Journal report that it’s exploring a sale. Shares are up more than 15% in premarket trading on Friday.

The premium screen company has reportedly approached entertainment companies for a deal, though talks are early and may not come to fruition. Imax has been boosted in recent years by its higher ticket prices — a K-shaped trend in movie theaters — and last year accounted for more than 5% of domestic box office sales.

Theatrical release windows have become a large debate in Hollywood this year, amid the bidding war between Paramount and Netflix for Warner Bros. Discovery. It’s unclear if an entertainment buyer would favor its own films for Imax over a rival’s.

In the first quarter, Imax booked $81.4 million in sales, beating Wall Street expectations but down about 6.5% from last year, when China’s “Ne Zha 2” smashed records.