Key Takeaways
Alphabet shares surged over 6% to record highs after Berkshire Hathaway disclosed a $4.9 billion stake.
Berkshire reduced its Apple stake while pivoting toward AI and cloud infrastructure through Alphabet.
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Alphabet stock surged more than 6% today to a record high above $293, following news that Warren Buffett’s Berkshire Hathaway acquired 17.85 million shares in the Google parent, according to a regulatory filing published on Friday.
The $4.9 billion investment marks Berkshire’s first major move into Big Tech and reflects a broader strategic shift toward AI and cloud infrastructure exposure.
The position was revealed in a Friday filing and comes as Berkshire cuts its Apple stake by roughly 15%, along with smaller reductions in holdings like Bank of America, Verisign, DaVita, and Nucor.
The reshuffling highlights growing influence from portfolio managers Todd Combs and Ted Weschler, with Buffett expected to step down as CEO by year-end.
The move into Alphabet signals a rare endorsement of high-growth tech at a time when sentiment in the sector is cooling. Market watchers have raised concerns that the AI-driven rally has outpaced fundamentals, especially as data center costs mount and returns remain unclear.
