Coca-Cola Hits New High Amid AI Spending Boom Concerns

Coca-Cola shares have reached an all-time high of $92.49, surpassing other top performers in the Dow Jones Industrial Average like Chevron.

The beverage giant's ascent reflects a broader rotation into defensive assets as investors reassess the sustainability of the artificial intelligence spending boom.

Coca-Cola's stock has outperformed the S&P 500 by nearly 20 percentage points this year, thanks to its low beta of just 0.34 and a 64-year streak of dividend increases.

The company's latest breakout followed a textbook consolidation pattern, clearing a $90.92 buy point and Monday's follow-through confirmed the move.

Berkshire Hathaway has been accumulating Coca-Cola shares since the 1987 market crash and now holds approximately $325 billion worth of the stock, with estimates projecting approximately $848 million in dividend income for 2026.