• Warren Buffett's Berkshire Hathaway made $800 million on Snowflake's first day of trading as the stock spiked

    8 days ago - By Business Insider

    REUTERS/Rick Wilking/File Photo
    Warren Buffett's Berkshire Hathaway saw its stake in Snowflake surge by more than $800 million on Wednesday as the cloud-data unicorn's shares more than doubled in their first day of trading. Berkshire held roughly $730 million worth of shares heading into the cloud-data startup's IPO. After the stock closed a whopping 111% higher on Wednesday , that stake was worth about $1.55 billion. Snowflake's debut garnered outsize investor demand as the largest software IPO ever and the biggest offering of the year. The single-day gain is fairly unique to Buffett, as...
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  • Warren Buffett's Berkshire Hathaway made $800 million on Snowflake's first day of trading as the stock spiked

    Warren Buffett's Berkshire Hathaway made $800 million on Snowflake's first day of trading as the stock spiked

    8 days ago - By Business Insider

    Summary List Placement
    Warren Buffett's Berkshire Hathaway saw its stake in Snowflake surge by more than $800 million on Wednesday as the cloud-data unicorn's shares more than doubled in their first day of trading.
    Berkshire held roughly $730 million worth of shares heading into the cloud-data startup's IPO. After the stock closed a whopping 111% higher on Wednesday , that stake was worth about $1.55 billion.
    Snowflake's debut garnered outsize investor demand as the largest software IPO ever and the biggest offering of the year.
    The single-day gain is fairly unique to Buffett, as the...
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  • A Wall Street firm shares its 5 best ideas for investors who need alternatives to expensive tech stocks - including trades poised to turnaround after getting pummeled by the pandemic

    A Wall Street firm shares its 5 best ideas for investors who need alternatives to expensive tech stocks - including trades poised to turnaround after getting pummeled by the pandemic

    8 days ago - By Business Insider

    Summary List Placement
    We've gotten used to thinking of Big Tech stocks, the mighty FAANG , as a unit. Societe Generale says it's time to remember they can be rivals.
    There's no disputing that the biggest tech companies dominate stock indexes and that investors have flocked to them for years, including during the market's rally this spring and summer. But US Equity and Asset Allocation Strategist Sophie Huynh and Head of Equity Strategy Charles de Boissezon advice focusing on what divides them.
    "We believe that looking for the laggards within growth, and being long our Old Tech vs New Tech...
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  • 3 top investing executives lay out the biggest risks to markets heading into a volatile election season - and share their best recommendations for navigating what happens next

    3 top investing executives lay out the biggest risks to markets heading into a volatile election season - and share their best recommendations for navigating what happens next

    8 days ago - By Business Insider

    Summary List Placement
    Depending on who you ask, the stock market is either drifting higher or heading towards a precipitous freefall over the next few months.
    While markets are hard to predict, investors are almost certainly facing elevated volatility between now and the November US presidential elections, according to three top investing executives.
    "If you remember a year ago, the VIX was below 10," said Kirk Hartman, global chief investment officer for Wells Fargo Asset Management, which manages $578 billion in assets. "So, I would argue that it's actually a little bit of rough waters...
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  • Snowflake's stock can double from here if the cloud-data platform outshines top rival Oracle, strategist says

    Snowflake's stock can double from here if the cloud-data platform outshines top rival Oracle, strategist says

    8 days ago - By Business Insider

    Summary List Placement
    Snowflake's stock could double from current levels if it outperforms its biggest enterprise-data rival Oracle, a chief investment strategist told CNBC on Thursday.
    California-based Oracle provides "on-premise" data warehousing, whereas Snowflake offers "off-premise" data storage, King Lip of Baker Avenue Asset Management pointed out.
    Cloud computing services, or off-premise data, are gaining more popularity due to higher flexibility in use of remote resources, saving organizations the cost of servers and other equipment.
    Snowflake's shares "could double from here" as...
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