It seems it's time to stock up on some stocks! That’s what Saudi’s Public Investment Fund (PIF) and American multinational conglomerate holding company Berkshire Hathaway (BRK.A) seem to be doing.
PIF has increased its stakes in numerous big-name publically traded companies, including Farfetch (FTCH), Alibaba, Paypal (PYPL), Take-Two Interactive (TTWO), Meta (FB), Sea Limited (SE), Babylon Holding (BBLN), and Nintendo. Lots of money moves for PIF that come after its reduction of shares in companies such as Walmart (WMT), Visa (V), and Plug Power (PLUG).
Warren Buffest’s holding company is doing the same, it seems. Berkshire has splurged roughly $42b in mostly tech companies. In its biggest spending spree since 2008, the company has invested in Activision Blizzard (ATVI), (APPL), Citigroup (C), HP (HPQ), Paramount (PARA), and Ally Bank (ALLY).