Berkshire Hathaway exited its position in T-Mobile despite the company’s strong performance. The conglomerate also revealed it bought a traditional commodity company with an AI infrastructure angle. Berkshire’s recent 13F filing with the SEC showcased its investment moves, including selling off T-Mobile and acquiring the AI infrastructure stock. Meanwhile, T-Mobile reported robust second-quarter earnings with a 16.5% stock increase. Berkshire’s interest in Nucor, a steel company, is linked to its involvement in data center parts production for AI applications. Despite Nucor’s recent earnings dip, the market anticipates benefits from US steel tariffs.

Read more at NASDAQ.: Warren Buffett’s Berkshire Hathaway Just Exited Its Stake in T-Mobile and Loaded Up on an Artificial Intelligence (AI) Infrastructure Stock That’s Risen 7,850% Since Its IPO