poisar

Stocks · News reference

US Banks Want a Bigger Piece Of The AI Trade: Here's How They're Getting It

BenzingaPiero Cingari

US business lending hit $2.93 trillion, up 10% year over year, the fastest since March 2023. Bank of America says AI capex is behind it.

Reference Details

Connected Markets

Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.

Source
benzinga
Observed
Checked
Cadence
Captured once, then retained as an archive reference
Status
fresh

Keep reading

  1. The Motley FoolSean Williams

    Warren Buffett's Successor, Greg Abel, Has 63% of Berkshire's $360 Billion Portfolio Concentrated in 5 Superstar Stocks

    Greg Abel, who took over as Berkshire Hathaway's CEO on December 31, maintains Warren Buffett's investment philosophy of concentrating assets in best ideas. As of August 28, 63% ($226 billion) of Berkshire's $360 billion portfolio is concentrated in five stocks. Tech stocks now comprise over 30% of the portfolio, driven by significant positions in Apple and Alphabet. Abel has tripled Berkshire's Alphabet position and added $17 billion in Q2. Meanwhile, Berkshire has been reducing its Bank of America stake for eight consecutive quarters due to valuation concerns.