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.

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.

Stock market recommendations: Motilal Oswal Wealth Management Research Desk recommends picking up Syrma SGS, and Max Financials as the top stocks for the trading week starting May 18, 2026:

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.

Stock market recommendations: Granules, and UltraTech Cement have been picked as the top stock recommendations from the week starting May 4, 2026 by Motilal Oswal Wealth Management Research Desk. Let’s take a look:

Elon Musk claims he paid over $10 billion in taxes in one year, a historical high. He stated his tax rate on stock options nears 45%, with an additional 40% estate tax. This comes as California considers a 5% wealth tax, prompting tech leaders to relocate from the state.

Shark Tank India judge Anupam Mittal commented on Oracle's recent layoffs and rescinded job offers, attributing them to automation rather than financial issues.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.

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.

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.

Persistent foreign fund outflows and the rupee sliding to record lows have further dampened sentiment, prompting investors to stay cautious and intensify selling across equity markets.

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.

OpenAI has enabled over 600 employees to sell shares worth $6.6 billion, with some cashing out up to $30 million. This significant wealth creation is fueled by the intense AI talent war, particularly after Meta's substantial compensation offers, prompting OpenAI to boost salaries and equity packages to retain its workforce.

Decades-old paper certificates of Nokia shares, once forgotten in Finnish homes, transformed into immense fortunes. This tech giant's rise during the mobile phone revolution saw ordinary families, not just professionals, become millionaires. Their patience with these seemingly worthless assets yielded astronomical returns, highlighting how everyday people can benefit from unexpected economic shifts.

Indian equity markets experienced a downturn Friday, with both Sensex and Nifty closing lower. Renewed military tensions near the Strait of Hormuz dampened investor sentiment, leading to profit-booking across various sectors. While IT stocks showed resilience, PSU banks were significantly impacted. Global markets also reflected cautious sentiment.

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.