Berkshire Hathaway Has 10% of Its $358 Billion Portfolio Invested in 1 AI Hyperscaler Whose Stock Is Up 70% in 1 Year
Move aside, Coca-Cola. The Oracle of Omaha now has an insatiable thirst for the AI boom.
Warren Buffett's Berkshire Hathaway has significantly increased its investment in Alphabet, a leading artificial intelligence (AI) hyperscaler. According to the company's latest 13F filing with the Securities and Exchange Commission, Berkshire Hathaway has allocated $10 billion to Alphabet's Class A and Class C shares, bringing its total stake to $36.6 billion.
This represents the third-largest position in Berkshire Hathaway's $358 billion portfolio, surpassing its investment in Coca-Cola. The surge in Alphabet's share price, up by 70% over the past year, has clearly caught the attention of Berkshire Hathaway and its chairman, Warren Buffett, who has made it abundantly clear about their bullish stance on the company.
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