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Berkshire’s Rare Tech Bet Lifts Alphabet Shares to Record High
Shares of Alphabet climbed nearly 6% to record highs after Berkshire Hathaway disclosed a new stake of about $4.9 billion in the company. The move marked a notable departure from Berkshire’s typical aversion to pure‑play tech firms and serves as a strong endorsement of Alphabet’s AI and cloud strategy. Analysts say the investment signals confidence in the firm’s long‑term growth trajectory despite mounting scrutiny around tech valuations and competition.
Companies:
- Alphabet Inc.
- Berkshire Hathaway
Tags:
- stocks
- Alphabet
Explore:Mutual Fund Home
positive
Berkshire’s Rare Tech Bet Lifts Alphabet Shares to Record High
Shares of Alphabet climbed nearly 6% to record highs after Berkshire Hathaway disclosed a new stake of about $4.9 billion in the company. The move marked a notable departure from Berkshire’s typical aversion to pure‑play tech firms and serves as a strong endorsement of Alphabet’s AI and cloud strategy. Analysts say the investment signals confidence in the firm’s long‑term growth trajectory despite mounting scrutiny around tech valuations and competition.
Companies:
- Alphabet Inc.
- Berkshire Hathaway
Tags:
- stocks
- Alphabet
Explore:Mutual Fund Home
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Berkshire’s Rare Tech Bet Lifts Alphabet Shares to Record High
1 min read
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Berkshire Hathaway’s $4.9 billion stake in Alphabet sends shares to record levels and reflects confidence in its AI‑cloud strategy.
Shares of Alphabet climbed nearly 6% to record highs after Berkshire Hathaway disclosed a new stake of about $4.9 billion in the company. The move marked a notable departure from Berkshire’s typical aversion to pure‑play tech firms and serves as a strong endorsement of Alphabet’s AI and cloud strategy. Analysts say the investment signals confidence in the firm’s long‑term growth trajectory despite mounting scrutiny around tech valuations and competition.
Shares of Alphabet climbed nearly 6% to record highs after Berkshire Hathaway disclosed a new stake of about $4.9 billion in the company. The move marked a notable departure from Berkshire’s typical aversion to pure‑play tech firms and serves as a strong endorsement of Alphabet’s AI and cloud strategy. Analysts say the investment signals confidence in the firm’s long‑term growth trajectory despite mounting scrutiny around tech valuations and competition.
Companies:
- Alphabet Inc.
- Berkshire Hathaway
Tags:
- stocks
- Alphabet
- stocks
- Alphabet
- Berkshire Hathaway
- investment
- AI