Berkshire Bets $4.3B on Alphabet

Global Markets Shaken by AI Concerns and Rate-Cut Doubts

Buffett adds a new megacap tech position as markets churn on AI valuations and rate-cut doubts. No major events are scheduled for today.

TL;DR:

💼 Berkshire buys $4.3B Alphabet stake
🧠 Burry shuts Scion Asset Management
📉 AI fears and rate doubts hit
🇮🇳 India enacts data protection law

Berkshire Buys $4.3B Alphabet Stake

Warren Buffett’s Berkshire Hathaway disclosed a roughly $4.3 billion investment in Alphabet, expanding its exposure to megacap technology. The move signals confidence in Google’s core cash flows amid the AI race and advertising cycle. Tech leadership stays in focus as investors weigh quality balance sheets and durable earnings. Source

Burry Shuts Scion Asset Management

Michael Burry closed Scion Asset Management after publicly criticizing the AI infrastructure boom. The decision adds a contrarian note to a crowded trade, with investors reassessing frothy segments and capital discipline. It underscores a broader debate over AI spend, payoff timelines, and cycle risk. Source

AI Fears and Rate Doubts Hit Markets

Global equities wobbled as investors questioned stretched AI valuations and dialed back expectations for imminent U.S. rate cuts. The session was volatile, with defensive tilts and tighter risk budgets prevailing before a late recovery on Wall Street. Liquidity pockets held, but breadth stayed uneven as policy uncertainty lingered. Source

India Enacts Digital Personal Data Protection Act

India rolled out the Digital Personal Data Protection Act, requiring explicit user consent and setting penalties up to ₹250 crore for violations. The law raises the compliance bar for consumer apps, ad-tech, and cross-border data transfers. Global firms with India scale will revisit data governance, storage, and consent flows. Source

Global Markets Shaken by AI Concerns and Rate-Cut Doubts