Ahead of Warren Buffett’s retirement, ending his 60-year tenure as CEO of Berkshire Hathaway at the end of 2025, the company made what could be one of the last major investments under his leadership.
Today, Alphabet’s shares increased by 5.2% following Berkshire Hathaway’s announcement of its stake in the tech giant.
A filing released on Friday indicates that Berkshire held 17.85 million shares of Google’s parent company as of September 30, amounting to a stake valued at $4.93 billion.
In a separate filing, Berkshire decreased its stake in Apple, but it still remains its biggest stock holding at $64.9 billion after the reduction.
Berkshire’s purchase of Alphabet stock, a rare move into technology investments, comes as concerns grow over hefty AI spending by leading tech firms, which are investing hundreds of billions of dollars in data center development and chip acquisitions.
Alphabet’s shares have increased 46% so far this year.
In 2026, Greg Abel will succeed Buffett and take over leadership of Berkshire Hathaway.
By CEO NA Editorial Staff
