Alphabet Shares Jump After Berkshire Reveals $4.93 Billion Stake

Benzinga

Alphabet shares jumped after Berkshire Hathaway disclosed a $4.93 billion stake, adding a reasonably priced tech giant to its portfolio as Buffett trims Apple and Bank of America. The investment comes amid heavy AI spending and rising cash reserves ahead of Buffett’s 2025 exit.

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00:00It's Benzinga, bringing Wall Street to Main Street

00:02Alphabet's shares rose 5.2% on Monday after Berkshire Hathaway disclosed a stake, according to Reuters.

00:09Berkshire owns 17.85 million Alphabet shares as of September 30th, a stake worth $4.93 billion based on the stock's last close.

00:18The move comes as heavy AI spending pressures tech stocks, but Berkshire's purchase adds a modestly priced tech heavyweight to its portfolio.

00:25Berkshire reduced its stakes in Apple and Bank of America and increased its record cash pile as Buffett prepares to step down at the end of 2025.

00:34Alphabet has gained 46% this year, and Berkshire's equity portfolio remains concentrated in financial services.

00:41For all things money, visit Benzinga.com.

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