Warren Buffett’s Berkshire Hathaway invested $4.3 billion in Alphabet, causing a 3% increase in the tech giant’s shares. This move surprised many, as Buffett typically avoids tech companies. Investment deputies likely made the acquisition, with Buffett’s approval as he prepares to hand over the CEO position. Alphabet’s strong performance this year is attributed to advances in AI and Google Cloud profitability, making it an attractive option for Berkshire.

Read more at Nasdaq: Alphabet Shares Rise As Berkshire Hathaway Reveals Major New Stake