Berkshire Hathaway Triples Stake in Alphabet Under Greg Abel
Under Warren Buffett's leadership, Berkshire Hathaway built a significant position in Apple. However, under his successor, Greg Abel, the company has expanded its portfolio by tripling its stake in Alphabet (GOOGL) during the second quarter of this year. This move increased Alphabet’s share to 6% of Berkshire’s U.S. stock holdings. Alphabet is positioned strongly due to growth opportunities tied to cloud computing and artificial intelligence. The company reported a 24% revenue increase for Q2, driven by strong performance in its cloud segment. CEO Sundar Pichai highlighted the role of AI investments across multiple layers of Alphabet’s value chain as key drivers. Alphabet is monetizing AI through various channels including custom chips (TPUs), cloud services, and proprietary models like Gemini. The company recently began selling TPUs directly to customers in addition to offering them via its cloud platform.
Topics: AI investments Alphabet (GOOGL) Berkshire Hathaway Cloud computing