Berkshire Hathaway invests extra $10 billion in Alphabet, deepening bet on AI
Key points
- Greg Abel, CEO of Berkshire Hathaway, speaks with CNBC from the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska on May 1st, 2026. Berkshire Hathaway is deepening its bet on artificial intelligence and one of the industry's dominant players, investing an additional $10 billion in Alphabet through a private stock purchase.
- Alphabet said Monday it reached an agreement to sell $5 billion of its Class A shares to Berkshire at $351.81 apiece and another $5 billion of Class C stock at $348.20 per share.
- The transaction adds to a position Berkshire has been rapidly building over the past three quarters, marking one of the conglomerate's largest equity investments recently.
- The latest purchase signals Berkshire's growing conviction in Alphabet's position at the center of the AI boom, spanning search, cloud computing and digital infrastructure.
- It also offers an early glimpse into CEO Greg Abel's capital allocation approach, suggesting Warren Buffett's successor...
Quick Summary
Greg Abel, CEO of Berkshire Hathaway, speaks with CNBC from the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska on May 1st, 2026. Berkshire Hathaway
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Key Takeaways
- Greg Abel, CEO of Berkshire Hathaway, speaks with CNBC from the Berkshire Hathaway Annual Shareholders Meeting in Omaha Nebraska on May 1st, 2026.
- Berkshire Hathaway is deepening its bet on artificial intelligence and one of the industry's dominant players, investing an additional $10 billion in Alphabet through a private stock purchase.
- Alphabet said Monday it reached an agreement to sell $5 billion of its Class A shares to Berkshire at $351.81 apiece and another $5 billion of Class C stock at $348.20 per share.
- The transaction adds to a position Berkshire has been rapidly building over the past three quarters, marking one of the conglomerate's largest equity investments recently.
- The latest purchase signals Berkshire's growing conviction in Alphabet's position at the center of the AI boom, spanning search, cloud computing and digital infrastructure.
📌 Source: CNBC
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