An Alleged "Whale" Address Reaps Over 10x Gains on LAB, Profiting $1.13 Million

May 2 — Berkshire Hathaway CEO Greg Abel told shareholders at the company’s annual meeting that the firm will not chase AI just for the sake of AI, and will only invest when it sees clear, real value. Abel noted AI applications will create opportunities across all business areas. Berkshire is taking a cautious, pragmatic approach to AI implementation: it has no interest in pursuing general AI blindly, instead focusing on deploying narrow AI precisely in practical business scenarios. To that end, the company has set three core principles: 1. Recruit top technical talent and engineering teams to drive deployment, with executives and senior leaders involved in system architecture and implementation. 2. Stay firmly committed to security governance guardrails, enhance data integration and risk management, and continuously validate that AI outputs align with business goals. 3. Human beings retain ultimate decision-making authority; AI will only act as an auxiliary tool, and all

On May 2nd, Warren Buffett addressed Berkshire Hathaway’s annual shareholders meeting—marking the anniversary of his announcement that Greg Abel would become the company’s CEO. “We couldn’t have made a better decision in choosing a successor,” Buffett said. “This call has been 100% successful. Abel hasn’t just done everything I’ve done—he’s done more. He’s the right choice.”

**May 2 – Breaking News** GameStop CEO Ryan Cohen is planning a takeover bid for e-commerce giant eBay, aiming to transform the $450 billion market cap company into a $1 trillion+ retail powerhouse, multiple sources familiar with the matter confirmed. GameStop—currently valued at ~$11 billion—has quietly increased its eBay stake and could submit a formal offer as soon as later this month, insiders added. If eBay’s board rejects the bid, Cohen may launch a direct tender offer to eBay shareholders. Following the news, eBay’s stock surged over 10% in after-hours trading, while GameStop rose ~5%, per Bitget market data. GameStop holds ~$9 billion in cash as of March end—up from $4.8 billion a year prior—providing firepower for the “David vs. Goliath” deal. Cohen signaled earlier this year he was hunting for major consumer/retail acquisition targets to expand beyond video games and collectibles. He recently revised his compensation plan, with up to $35 billion in stock rewards ti

**May 2nd** Berkshire Hathaway’s cash reserves hit a record $397 billion in the first quarter under CEO Greg Abel. The company’s cash position dipped slightly at year-end 2025 but jumped sharply in Q1 2026 on net stock sales of $8.1 billion. Additionally, Berkshire Hathaway Class A (BRK.A.N) reported: - Q1 2026 revenue: $93.675 billion (up from $89.725 billion year-over-year; topping the market consensus of $89.274 billion) - Net profit: $10.106 billion (up from $4.603 billion YoY; falling just short of the $11.762 billion estimate) - Operating profit: $11.35 billion (nearly 18% YoY gain) As of Q1 2026 end, the fair value of Berkshire’s fixed-income securities stood at $17.669 billion (down from $17.816 billion YoY). Breakdown: - U.S. bonds: $3.88 billion - Foreign bonds: $12.391 billion - Corporate bonds: $1.19 billion ### Notes on American English adaptation: - Uses **Q1** (standard quarterly abbreviation) instead of "first quarter" for brevity. - Replaces

On May 2, AI project SKYAI skyrocketed 1687% on its first day of spot trading on Bitget—following its April 30 debut. Within three days, its market cap peaked at $417 million, with total spot trading volume hitting $240 million and contract trading volume reaching $630 million, underscoring a strong listing effect. SKYAI is currently trading at $0.388, and trading activity remains robust.

Berkshire Hathaway’s first shareholder meeting of the post-Buffett era kicked off at 8:00 PM UTC+8 tonight (May 2). This marks the first “Investment Oscars” hosted by new CEO Greg Abel since 95-year-old Warren Buffett stepped down as CEO and Abel officially took the reins. Titled “The Legacy Continues,” the meeting features Abel, insurance chief Ajit Jain, and subsidiary executives Katie Farmer and Adam Johnson fielding shareholder questions. Discussion centers on the company’s capital allocation, stock buybacks, tech holdings strategy, and future growth path. While Buffett remains present as non-executive chairman, the spotlight has shifted to 63-year-old Abel—signaling Berkshire’s formal entry into the post-Buffett era.