Buffett's Berkshire Buys Alphabet Stake, Signaling Tech Shift

Berkshire Hathaway, led by Warren Buffett, invests heavily in Alphabet, boosting its shares by 5.5%. This marks one of Berkshires largest tech investments in years, with Alphabet becoming its tenth largest equity holding. The investment, likely approved by Buffett, signals a potential shift in Berkshires tech approach, given his long-standing hesitation to invest in high-growth tech companies. Alphabets strong performance this year, driven by AI focus and improving cloud profitability, likely made it an attractive option.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.