It's Nov. 17, 2025. Or as Netflix shareholders now know it, Stock Split Day. Investors might have been jumpscared of notifications that the streaming goliath's stock fell over 90% today. Don't worry: It was just the 10-for-1 split that was teased a few weeks back and pushed the company's stock to fresh highs. A forward stock split doesn't dilute your ownership. It merely reduces the price while increasing the number of shares outstanding proportionately. The stock is up a few ticks today.
And Alphabet shareholders might have something even bigger to celebrate. On Friday Berkshire Hathaway disclosed a nearly $5 billion stake in the company, excitement that's boiled over to this week. The search, advertising and cloud-services provider's stock is up 4.5% today, way outperforming the US indexes. Was this the work of an outgoing Warren Buffett or his hand-selected successors? Debatable.
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Regardless, analysts seem to have been casting their votes on the trajectory of the whole AI trade in recent days. Over the past month Oracle, Meta and Tesla are down 23%, 15%, and 4%, respectively. And over that same period Alphabet, Amazon and Apple are up 13%, 9.4%, and 6.7%. Maybe AI just isn't the narrative it used to be.
Perhaps that's also why the big indexes have been seen struggling to make new highs. Today, the Nasdaq (+0.12%) and S&P 500 (barely in the green) are up a few ticks, recovering from a weaker start to the day. Among S&P 500 sectors, five of the nine are in the red, including Technology (-0.42%). Meanwhile, the Dow is flat and the Russell 2000 (-0.24%) is lagging a bit.
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