Berkshire Hathaway Holds a $28 Billion Stake in Alphabet, and Warren Buffett Says He Initiated It
The Oracle of Omaha now has direct ties to the groundbreaking AI infrastructure buildout.
Overview
As of March 31, Berkshire Hathaway (NYSE: BRKB) (NYSE: BRKA) owned a combination of Class A and Class C shares of Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG). This combined position is currently valued at $28 billion, easily making it one of the conglomerate's top holdings. This includes the equity purchase as part of Alphabet's $85 billion raise in June.
When Berkshire Hathaway first bought the "Magnificent Seven" stock in the third quarter last year, it was viewed as a surprise move among the investment community. The Omaha company had been known not to dabble in the technology space.
Details
The market just received new info that might lead to more astonishment. In a recent interview with CNBC, Warren Buffett said that he was the one who initiated the Alphabet stake.
Source
Originally published at www.fool.com.
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