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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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