Alphabet shares rise 6%, hitting all-time high amid Warren Buffett’s $4.9B bet
Alphabet shares hit a record high after Warren Buffett's Berkshire Hathaway disclosed a $4.9 billion stake.Summary
Alphabet stock surged over 6% to a record high above $293 after Warren Buffett's Berkshire Hathaway revealed it acquired 17.85 million shares in the Google parent company, according to a regulatory filing. This $4.9 billion investment represents Berkshire's first major move into Big Tech recently and signals a strategic pivot toward gaining exposure to AI and cloud infrastructure. The move occurred as Berkshire reduced its stake in Apple by about 15% and trimmed smaller holdings in other companies. This reshuffling suggests increasing influence from portfolio managers Todd Combs and Ted Weschler. The investment in Alphabet is viewed as a rare endorsement of high-growth tech stocks, especially as market sentiment cools and concerns about the sustainability of the AI-driven rally persist.
(Source：Crypto Briefing)