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- Warren Buffett Brk. A has purchased a $9bn stake in the chipmaker Taiwan Semiconductor Manufacturing in the third quarter.
- Technical indicators are greatly favoring the upside of Berkshire Hathaway’s price. It has seen a drop of 1.25% in the intraday session.
Warren Buffet is considered one of the greatest investors of all time. Berkshire Hathaway has given its investors great returns in the past. Warren Buffett Berkshire has bought a stake of $9 Billion in a Taiwan semiconductor manufacturing company. Various analysts say this is a great step toward the increasing demand for semiconductors. Buffet has increased its willingness to invest in Tech firms in the past few years. Berkshire’s biggest stake is in Apple, which is $126.5 Billion. It is currently unclear what drove Buffet to invest in TSMC. It can be speculated that the company is the biggest manufacturer of the world’s most advanced processor chips, which are used in smartphones, computers and various space equipment.
Berkshire Hathaway has a market cap of 690.26 Billion. It has a P/E of 60.25, which has benefited various investors.
Bulls Are Ready To Push Beyond 52-Week High
The weekly technical chart of the Brk. A suggests a weak move for the future. It has seen a decline of 1.25% in the past 24 hours. The upside momentum of the asset price can be seen near $540000. Meanwhile, the asset price support can be near $460000. It is currently trading above the 50 and 100 DMA. It can see a positive crossover in the future, pushing the price to a new high.
RSI of the BRK.A is near 64 with a small negative slope. The overall sentiment of the RSI is neutral.
Conclusion
Berkshire Hathaway has recently invested in Taiwan Semiconductor. It is currently seeing an upside trend and can move to a new high in the future.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
