Warren Buffett’s Berkshire Hathaway (BRK.A) has revealed a new stake in Alphabet (GOOG), valued at about $4.9 billion as of Friday’s closing price. Google’s (GOOG) stock price climbed about 5% to $291.20 per share on Monday during pre-market hours of trading.
Berkshire held 17.85 million Alphabet shares as of September 30, an SEC filing showed. The investment marks tech giant Google (GOOG) as Berkshire’s 10th-largest equity holding, signaling a shift toward AI and cloud computing sectors. It makes Google (GOOG) around 1.6% of Berkshire’s portfolio.
Simultaneously, Berkshire (BRK.A) trimmed its stakes in Apple (AAPL) and Bank of America (BOA) in Q3. The move contrasts with Warren Buffett’s historical caution toward high-growth tech stocks and reflects confidence in Alphabet’s (GOOG) growth potential amid its strong AI initiatives and cloud services momentum.