Will Warren Buffett and Greg Abel Make Alphabet Berkshire Hathaway's Next Apple?
Buffett initiated a position in Alphabet last year, and Abel has loaded up on it this year.
Overview
One of the biggest stories surrounding Berkshire Hathaway (NYSE: BRKB)(NYSE: BRKA) this year is the company's large purchases of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock for its massive, nearly $359 billion equities portfolio.
Alphabet has quickly become a top position for the conglomerate. It's an interesting move for Berkshire, as it's the first time it's gone all-in on an artificial intelligence (AI) stock. Will CEO Greg Abel and executive chairman Warren Buffett make Alphabet Berkshire's next Apple?
Image source: The Motley Fool.
Details
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Originally published at www.fool.com.
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