Warren Buffet and Greg Abel attend Berkshire Hathaway’s Annual Shareholders Meeting in Omaha. Berkshire reveals a new stake in Alphabet, causing shares to surge nearly 4%. The $4.3 billion investment in Google’s parent company marks a significant tech bet for Buffett, traditionally cautious of high-growth tech companies.

The investment likely came from Buffett’s lieutenants, Todd Combs or Ted Weschler, who manage Berkshire’s stock portfolio. Despite Buffett’s historical hesitation towards tech, the move suggests a shift in approach as he steps down as CEO. Alphabet’s strong performance in 2025, driven by AI and cloud growth, makes it an appealing investment.

Chief Investment Officer Bill Stone believes the Alphabet purchase hints at a broader shift towards technology investments as leadership transitions. Greg Abel is set to take over from Buffett in January, with the Oracle of Omaha remaining chairman. Despite its strong performance, Alphabet’s valuation remains lower than some tech peers, making it an attractive investment for Berkshire. Buffett regrets missing out on Google in the past, citing lack of tech knowledge as a barrier to investing earlier.

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