Berkshire earnings rose last quarter and CEO Greg Abel is starting to deploy Buffett's massive cash hoard

Abel puts a big chunk of Berkshire's cash to work

Berkshire deployed $4.5B buybacks and $20B net equities in Q2 under CEO Abel—first major allocation after 14 quarters selling. Premier allocator re-entering markets with $10B Alphabet bet and +16% earnings growth signals tech valuation confidence amid macro uncertainty.