Berkshire Hathaway Slashes Amazon Stake

Bloomberg Intelligence analyzes Berkshire's bearish move and other top business news

Published on Feb. 22, 2026

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According to Bloomberg Intelligence, Warren Buffett's Berkshire Hathaway has significantly reduced its stake in Amazon by 75% in the last quarter, reflecting a bearish sentiment from the conglomerate's outgoing CEO. Meanwhile, Apple's correlation to the Nasdaq 100 Index has dropped to its lowest level since 2006 as the company sits out the AI arms race. Additionally, Madison Square Garden Sports is exploring spinning off its NBA and NHL teams into separate publicly traded companies.

Why it matters

Berkshire Hathaway's move to slash its Amazon stake suggests the conglomerate may be growing more cautious about the e-commerce giant's prospects. Apple's divergence from the Nasdaq 100 could signal the tech giant is charting its own course, distinct from the broader market. The potential Knicks and Rangers spinoff would create more transparency around the valuations of those high-profile sports franchises.

The details

Berkshire Hathaway reduced its Amazon stake by 75% last quarter, a bearish move by the conglomerate as Warren Buffett prepares to step down as CEO. Apple's correlation to the Nasdaq 100 Index has plummeted to 0.21, its lowest level since 2006, as the company sits out the AI race. Meanwhile, Madison Square Garden Sports' board has approved a plan to explore spinning off the NBA's New York Knicks and NHL's New York Rangers into separate publicly traded companies.

  • Berkshire Hathaway cut its Amazon stake by 75% in the last quarter.
  • Apple's correlation to the Nasdaq 100 Index has dropped to its lowest level since 2006.

The players

Berkshire Hathaway

A multinational conglomerate holding company led by Warren Buffett, who is preparing to step down as CEO.

Amazon

The e-commerce giant in which Berkshire Hathaway has significantly reduced its stake.

Apple

The tech giant whose correlation to the Nasdaq 100 Index has plummeted as it sits out the AI race.

Madison Square Garden Sports

The company that owns the NBA's New York Knicks and NHL's New York Rangers, which is exploring spinning off those teams into separate publicly traded companies.

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What they’re saying

“Warren Buffett's last quarter as Berkshire Hathaway's CEO reflecting a bearish sentiment. The conglomerate cut its Amazon stake by 75%.”

— Matthew Palazola, Bloomberg Intelligence, Senior Analyst, P&C Insurance (Bloomberg Intelligence)

“Apple's correlation to the Nasdaq 100 Index has tumbled to 0.21, its lowest since 2006, as the company's decision to mostly sit out the AI arms race has turned it into an outlier.”

— Ryan Vlastelica, Bloomberg News Equities Reporter (Bloomberg News)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

Berkshire Hathaway's move to slash its Amazon stake, Apple's divergence from the Nasdaq 100, and the potential Knicks and Rangers spinoff all signal shifting dynamics in the tech and business landscape, with companies charting their own courses and seeking greater transparency.