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ET Year-end Special Reads
Stocks to buy in 2025: 66 ideas from top brokerages for your new year portfolioWhat does 2025 hold for India's IT services sector?2025 may be the year of EVs in India, dominated by SUV launchesWarren Buffett's sudden interest in VeriSign
Even though VeriSign has been going ahead steadily in the past months, backed by the bull run at the US stock market majorly for technology-based stocks, its growth has not been that surreal as compared to the like of Nvidia, Palantir and others, who are backed by AI. However, this internet provider company, founded in 1995, is known for its high profit margin and ranks fifth in the S&P 500 as of now, with a lot of promising factors that may have lured Buffett to invest.Why is Berkshire Hathaway backing Verisign?
Berkshire Hathaway has been backing VeriSign for more than a decade, as they first bought the company's shares in the fourth quarter of 2012, and the legacy continues till today. According to reports, One reason that could be fueling Berkshire Hathaway's decision to add more investments into VeriSign is the high-profit margin being offered here, that may not be available elsewhere.FAQs:
Is VeriSign publicly traded?Yes, VeriSign, which is an internet domain provider company, is publicly traded, and is one of the top stocks at Wall Street.
Is VeriSign a part of S&P 500?
Yes, VeriSign is one of the top US stock in the S&P 500 stock index, ranking fifth in their list.
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