Tech-heavy NASDAQ index has a technical problem with Warren Buffett’s Berkshire Hathaway shares
Warren Buffett’s Berkshire Hathaway Inc share price has risen to over $4,21,000 per Class A share. But, the stock’s impressive 41-year run may soon come to a screeching halt, if the US stock exchange Nasdaq doesn’t upgrade its computer systems soon, The Wall Street Journal reported. The reason being: Berkshire Hathaway’s share price is very close to the highest number that Nasdaq’s computers can handle. Nasdaq and a few other market operators use 32-bit systems to store data in binary numbers, which comprises ones and zeroes. Therefore, the biggest possible number is two to the 32nd power minus one, which is 4,294,967,295. Stock prices are usually displayed up to four decimal places, so the highest possible price is $429,496.7295, the WSJ report said.
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