Warren Buffett's Successor, Greg Abel, Is Doubling Down on This Artificial Intelligence (AI) Stock That Has Soared 100% Over the Past Year

Published July 7, 2026 · Category: Finance

Overview

Last month, Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) announced an $80 billion equity capital raise to fund its aggressive artificial intelligence (AI)-related ambition. Part of that was a $10 billion private placement with Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB). This comes after the conglomerate initiated a position in Alphabet in the third quarter of 2025 and added even more shares in the first quarter of 2026, making the tech leader one of its largest holdings.

Greg Abel, the successor to Warren Buffett at the helm of Berkshire Hathaway, is clearly very bullish on Alphabet's future, and so far, it has paid off. Alphabet's shares have roughly doubled over the past 12 months (since the start of the third quarter of 2025, when Berkshire Hathaway first bought the company's shares).

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Originally published at www.fool.com.

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