Greg Abel increases Berkshire’s Alphabet holdings to $21 billion, making it the firm’s fourth-largest position amid AI expansion.
Berkshire Hathaway added $10 billion to its Alphabet stake, bringing total investment to $21 billion. The purchase follows an $11 billion acquisition earlier this year, positioning Alphabet as Berkshire’s fourth-largest holding.
Alphabet raised $85 billion through an equity offering, with Berkshire securing shares at a negotiated discount. The capital will fund AI infrastructure and stock-based compensation for employees, aligning with Alphabet’s growth strategy.
The move marks a shift from Warren Buffett’s tech-averse approach, as Abel prioritizes AI-driven investments. Alphabet’s cloud and engineering talent are key focus areas for the expanded stake.