Warren Buffett’s Berkshire Hathaway now holds shares in tech giants Apple, Amazon, and Alphabet, with a new stake in Alphabet valued at $5.18 billion, twice the size of its Amazon stake. Alphabet’s cloud computing and advertising revenue make it an attractive investment choice.

Despite past reluctance towards tech stocks, Buffett’s investment in Alphabet signals a shift in strategy. Berkshire Hathaway’s stake in Alphabet is twice the size of its Amazon investment, highlighting the company’s growing interest in tech companies with strong revenue streams.

Alphabet’s strong market position, with a 13% share in global cloud computing and $15.15 billion in revenue from the cloud division alone, makes it an appealing investment for Berkshire Hathaway. The company’s advertising revenue, totaling $102.34 billion in the third quarter, further solidifies its position as a lucrative investment option.

Read more at Nasdaq: Warren Buffett’s Berkshire Quietly Took a Position in Alphabet. Is It the Best AI Bet Right Now?