New Berkshire Hathaway CEO Greg Abel Has Now Plowed $26.6 Billion Into This Artificial Intelligence (AI) Stock Berkshire Hathaway CEO Greg Abel is keeping plenty busy in his new job.
Two days after Berkshire announced a $6.8 billion acquisition of the major homebuilder Taylor Morrison Homes, the company is now plowing an additional $10 billion into Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL)
Berkshire had already significantly increased its position in Alphabet in the first quarter of 2026. Berkshire’s purchase is part of an $80 billion share sale by Alphabet to raise proceeds that it will use for artificial intelligence-related capital expenditures. Berkshire purchased $5 billion of Alphabet class A voting shares at an average cost of $351.81 per share and another $5 billion of class C shares at $348.20 per share.
Class A shares of Alphabet traded around $363 per share, as of this writing, while Class C shares traded around $360. Image