Amazon Drops, Nvidia Falls, Alphabet Surges After Berkshire Hathaway Reveals Stake
Description
On this episode of Stock Movers:
- Amazon (AMZN) shares fall on news that the company is seeking to raise about $12 billion through a debt offering — its first such deal in US dollars in about three years. The company is selling investment-grade bonds in as many as six parts, with proceeds that may be used for acquisitions, capital expenditures, and share buybacks.
- Nvidia (NVDA) shares drop after news that Peter Thiel’s hedge fund Thiel Macro LLC sold its stake in the company during the third quarter, offloading its entire position of 537,742 shares.
- Alphabet (GOOGL) shares gained after a report said Warren Buffett's Berkshire Hathaway said it took a stake in Google's parent company last quarter.
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