Warren Buffett invested in Verisign, an internet stock up over 3,000% since IPO.

From Nasdaq: 2025-01-05 06:15:00

During December 2024, Wall Street saw strong selling instead of the usual Santa Claus rally. However, Warren Buffett and Berkshire Hathaway made moves in the market, investing in an internet stock that has surged over 3,000% since its IPO in 1998. Despite a quiet year, Buffett’s team avoided overvalued stocks, increasing their stake in Verisign, a key player in domain registration services and internet infrastructure. Berkshire’s disciplined approach helped them outperform the S&P 500 for the year, with a last-minute victory. Verisign, though under the radar, shows promise with its market position and strong financials, prompting Buffett’s investment.



Read more at Nasdaq: While Investors Were on the Sidelines at the End of 2024, Warren Buffett Piled Into a Classic Internet Stock That’s Up More Than 3,000% Since Its IPO