tech stocks

Berkshire Hathaway, under new CEO Greg Abel, has significantly altered its investment strategy. Abel has more than tripled the stake in Alphabet (Google's parent company) and completely sold off Amazon shares, a departure from Warren Buffett's long-held tech aversion. Additionally, Berkshire made a substantial investment in Delta Airlines, another sector Buffett previously expressed skepticism about.

Indian equity benchmarks Sensex and Nifty closed lower on Tuesday after a late sell-off in heavyweight stocks like HDFC Bank and Reliance Industries erased early gains. Concerns over the rupee hitting a fresh record low and elevated crude oil prices also weighed on investor sentiment, though IT stocks provided some support.

Donald Trump lauded AI's economic benefits, citing record job numbers and stock market gains. However, a New York Post report revealed over 52,000 tech layoffs in early 2026, with AI increasingly cited as the cause.

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Renowned investor Michael Burry, famous for predicting the 2008 housing crash, warns the current AI boom mirrors the dot-com bubble. He highlights excessive venture capital and debt funding, noting many AI startups are unprofitable. Burry questions AI's long-term enterprise value and consumer willingness to pay, suggesting a market crash is imminent.

Billionaire investor Bill Ackman has clarified that Pershing Square's sale of Alphabet (Google) shares was not a bearish call on the company. Ackman said his hedge fund offloaded its long-held Google stake to fund a fresh $2.1 billion Microsoft position, betting on the software giant's AI prospects, Azure cloud growth, and Copilot adoption after a steep stock decline this year.

Michael Burry, famed for predicting the 2008 crash, warns the stock market's AI obsession mirrors the dot-com bubble. He believes markets are ignoring economic data, driven solely by momentum. Burry cautions that massive AI investments by tech giants may yield no lasting returns, potentially leading to significant market corrections and tech job stagnation.

Shark Tank India judge Anupam Mittal commented on Oracle's recent layoffs and rescinded job offers, attributing them to automation rather than financial issues. He advised professionals to assess their position on an employer's P&L statement, suggesting those in the 'cost column' are at risk, while those contributing to revenue or profit can leverage AI.

Oracle's mass layoff of 20,000 employees via email on March 31, 2026, has sparked employee backlash over severance terms and WARN Act loopholes. Workers are contesting the company's offer of limited severance and the denial of accelerated stock vesting, with many feeling unfairly excluded from protections.

Samsung Electronics has averted an 18-day semiconductor strike by reaching a tentative deal with unions, promising employees average bonuses of around $338,000. This profit-linked system, tied to long-term targets, comes as AI demand boosts chip profits. However, a shareholder group plans legal action, deeming the agreement requires their consent.

Steve Jobs, despite facing setbacks like being ousted from Apple, found solace and success in his passion for work. His 2005 Stanford commencement speech emphasized loving what you do as the key to great work and satisfaction, a timeless lesson for today's Gen Z navigating a disrupted job market.

HSBC initiates SRF coverage with a buy, citing strong growth potential in specialty chemicals and performance films. Jefferies is bullish on Grasim, expecting increased capital availability for growth. Nomura sees Adani Ports expanding its marine business significantly in Europe. CLSA maintains a hold on Tata Power, believing the worst is over.

Indian equity benchmarks, Sensex and Nifty, extended their losses for a fourth consecutive session, plunging nearly 2% on Tuesday. Rising crude oil prices, sustained foreign fund outflows, and escalating West Asia conflict uncertainty contributed to the broad-based selloff, impacting IT, realty, and consumer durable stocks.

Indian markets brace for a volatile week, with the US-Iran conflict and soaring crude oil prices dominating investor sentiment. A weakening rupee, coupled with inflation concerns, adds to the pressure. Analysts anticipate heightened sensitivity to geopolitical developments, especially concerning the Strait of Hormuz, and will closely watch foreign investor activity and upcoming economic data.