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.
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.
cryptobriefing.com