Tag GOOGL
Alphabet rises after Berkshire Hathaway discloses it bought $4.3 billion worth of shares in the parent company of Google in the third quarter...
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Alphabet stock was rising after it was disclosed that Berkshire Hathaway had purchased 17.8 million shares of the Google-parent...
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Continue ReadingSTORY: Alphabet's shares rose 5.5% in premarket trading on Monday (November 17).Investors jumped in after investing giant Berkshire Hathaway disclosed a stake in the tech firm.It marked what could be one of the final major moves by the group under Warren Buffett's leadership.A filing on Friday showed Berkshire owned 17.85 million shares in Google's parent as of September 30.Reuters calculations show the stake could be worth about $4.93 billion as of the stock's close.Berkshire's move comes as concerns grow over Big Tech's heavy artificial intelligence spending and whether AI valuations are too high.Buffett is due to end his 60-year run as CEO of Berkshire at the end of the year. It was unclear who made the specific purchase at Berkshire, though Buffett usually oversees the larger investments.Berkshire has traditionally avoided tech stocks.While Apple is the group's largest stock holding, Buffett argues it is a consumer-products company rather than a technology bet...
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Wall Street futures pointed moderately higher pre-bell Monday after Warren Buffett's Berkshire Hatha...
Continue ReadingA quarterly 13F filing showed Berkshire owned roughly $4.3 billion worth of Alphabet as of Sept. 30, making it the firm’s 10th largest equity holding. The move surprised many Buffett watchers given the billionaire’s decades-long hesitation toward high-growth tech companies. CNBC's Leslie Picker joins 'Squawk on the Street' with the details...
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Continue Reading↗️ Alphabet (GOOG, GOOGL): Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) added Google's parent company to its portfolio last quarter and further shrunk its stake in Apple (AAPL). Alphabet shares jumped more than 5% in premarket trading...
Continue ReadingThe stock purchase, a rare bet on technology by Berkshire, comes amid growing concerns over heavy AI spending as tech behemoths splurge hundreds of billions of dollars to build data centers and buy chips that power them. A filing showed on Friday that Berkshire owned 17.85 million shares in Google's parent as of September 30...
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