📊 Buffett’s New Acquisition

In partnership with

Happy Sunday!

Last week, I shared the latest 13F visuals featuring the top positions of the world’s best investors.

• For those who missed it, you can explore over 20 portfolios on my website.

• It’s a great resource for idea generation and tracking how top investors allocate capital.

Check it out by clicking the button below!

Some key data bites from this week that you should know:

• Bloomberg shared a list of the top 10 companies to track in Q4 2025.

• Dan Ives presented his top 6 AI stocks he thinks could be acquired.

• Apollo’s Chief Economist shared 12 charts that show the economy is strong.

• Costco will sell Ozempic and Wegovy for half price at $499/month.

• U.S. gold reserves crossed $1T for the first time.

• CoreWeave signed a $14.2B long-term cloud deal with Meta.

• U.S. will impose 100% tariff on movies made outside the country.

• Emerging markets just logged their 9th straight monthly gain, the longest run in 21 years.

• AI boom will require $7T in global investment.

• BlackRock’s GIP is looking to acquire Aligned Data Centers for $40B.

• Tom Lee sees the S&P 500 crossing 7,000 by year-end.

• Snapchat will charge users for keeping over 5GB worth of memories.

• Exxon Mobil will cut 2,000 jobs, about 4% of total workforce.

• Private companies cut 32,000 jobs in September, biggest decline in 2.5 years.

In today’s newsletter:

• 🚗 Most Valuable Automakers

• 📈 Tesla Sees Record Deliveries

• 💰 Buffett’s New Acquisition

• 🥊 OpenAI vs Exxon Mobil

• ✔️ Nike Breaks A Losing Streak

Let’s jump right in.

📣 Together With Fisher Investments

7 Ways to Take Control of Your Legacy

Planning your estate might not sound like the most exciting thing on your to-do list, but trust us, it’s worth it. And with The Investor’s Guide to Estate Planning, preparing isn’t as daunting as it may seem.

Inside, you’ll find {straightforward advice} on tackling key documents to clearly spell out your wishes.

Plus, there’s help for having those all-important family conversations about your financial legacy to make sure everyone’s on the same page (and avoid negative future surprises).

Why leave things to chance when you can take control? Explore ways to start, review or refine your estate plan today with The Investor’s Guide to Estate Planning.

Download your free guide now!

EVs are taking a bigger share of the road.

According to Cox Automotive, electric vehicles are on track to make up a record 10% of new car sales in the U.S.

• EV sales are expected to hit 410,000 in Q3, up more than 20% YoY.

• Much of that growth came as buyers rushed to take advantage of the $7,500 federal tax credit before it expired at the end of September.

Tesla is the clear leader in the space, selling more EVs than the next four brands combined in the U.S., and worth more than the next nine automakers combined.

• And thanks to Tesla’s rise, along with his other ventures, Elon Musk recently became the first person in history to reach a $500B net worth.

Naturally, Tesla, the world’s leading EV maker, was one of the biggest beneficiaries of the pre-expiration rush.

• The company posted its biggest quarter ever, delivering 497,099 vehicles in Q3, a 7% YoY increase and well above the 447,600 estimate.

• Ford also saw a boost in Q3, with sales climbing 8.2%, driven by strong truck demand and growing EV adoption.

Tesla’s record comes despite waning consumer demand in Europe, backlash against Elon Musk’s political activism, and rising competition across the EV space.

The company will release its full Q3 financial results on October 22nd.

Is this Warren Buffett’s last big deal?

• On Thursday, Berkshire Hathaway announced plans to acquire Occidental Petroleum’s petrochemical unit, OxyChem, for $9.7B in cash.

• It’s Buffett’s largest acquisition in three years, following Berkshire’s $11.6B purchase of insurer Alleghany in 2022.

With $344B in cash and equivalents as of Q2 2025, Berkshire still holds a massive war chest, larger than the market caps of companies like UnitedHealth Group, Coca-Cola, and AMD.

But this deal could mark the end of an era.

• Buffett is set to step down as Berkshire’s CEO at the end of 2025, passing leadership to Greg Abel.

OpenAI continues to hit new milestones.

• This past week, the company completed an employee stock sale valuing the firm at $500B, a nearly 70% jump from its prior $300B valuation earlier this year.

• Current and former employees sold roughly $6.6B worth of shares to investors.

According to The Information, OpenAI generated $4.3B in revenue during the first half of 2025, already 16% higher than all of 2024.

• However, the company also burned through $2.5B on R&D and infrastructure to support ChatGPT and model development.

Putting things into perspective: at a $500B valuation, OpenAI is now worth more than Exxon Mobil, even though Exxon generated 92x more revenue last year.

• Investors are clearly betting that OpenAI’s growth story is only just beginning.

Is Nike turning a corner?

Nike is in the midst of a turnaround led by longtime company veteran and new CEO, Elliot Hill.

• Sales grew 1% in the most recent quarter, reversing expectations for a mid–single digit decline, while both earnings and revenue topped estimates.

• Earnings came in at $0.49 per share versus $0.27 expected, though still down 30% from last year.

• Revenue reached $11.72B, beating forecasts of $11B.

Through Hill’s Win Now program, Nike highlighted progress in North America, Wholesale, and Running.

• However, China remains a weak spot, with sales down 9%, showing the turnaround hasn’t reached every market yet.

Management said the recovery is underway but will take time and won’t be linear.

• As Nike clears out old inventory, invests in new initiatives, and manages tariffs, profitability remains under pressure.

Looking ahead, Nike expects sales to fall by a low single digit percentage in the current holiday quarter.

📣 Presented by Wallstreet Prep

Get the Certificate That Opens Doors in Private Equity

Gain the skills top professionals use to analyze PE investment opportunities.

Over 8 weeks, learn directly from Wharton faculty and senior leaders at Carlyle, Blackstone, and KKR.

Join 5,000+ graduates worldwide, earn a respected certificate, and save $300 with code SAVE300 at checkout.

Enroll Today

Notable Companies Reporting Earnings Week of October 5th, 2025:

Buys

• Cleo Fields (D)

  • Company: Alphabet ($GOOGL)

    • Amount Purchased: $131K - $365K

  • Company: Oracle ($ORCL)

    • Amount Purchased: $80K - $200K

  • Company: Meta Platforms ($META)

    • Amount Purchased: $65K - $150K

  • Company: Nvidia ($NVDA)

    • Amount Purchased: $50K - $100K

• Markwayne Mullin (R)

  • Company: Intuitive Surgical ($ISRG)

    • Amount Purchased: $50K - $100K

  • Company: UnitedHealth Group ($UNH)

    • Amount Purchased: $15K - $50K

  • Company: Intuit ($INTU)

    • Amount Purchased: $15K - $50K

Sells

• Markwayne Mullin (R)

  • Company: Westinghouse Air Brakes Technologies ($WAB)

    • Amount Sold: $31K - $115K

  • Company: Adobe ($ADBE)

    • Amount Sold: $15K - $50K

Buys

• Atlassian Corporation ($TEAM)

  • Insider: Scott Belsky (Director)

    • # of Shares Purchased: 1,566

    • $ Amount: $239,752

    • SEC Forms: [1]

Sells

• Robinhood ($HOOD)

  • Insider: Vladimir Tenev (CEO)

    • # of Shares Sold: 750,000

    • $ Amount: $104,799,314

    • SEC Forms: [1]

• Netflix ($NFLX)

  • Insider: Reed Hastings (Director)

    • # of Shares Sold: 42,176

    • $ Amount: $49,427,029

    • SEC Forms: [1]

🤝 Review of the Week