Berkshire invests extra $10 billion in Alphabet, deepening bet on AI

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. The latest purchase highlights 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 is willing to commit significant sums to tech companies as Berkshire seeks new avenues for deploying its nearly $400 billion cash pile. The stance marks a shift for a conglomerate that has traditionally favored businesses with more predictable economics. Buffett famously characterized Berkshire's investment in Apple as a consumer bet. The deal comes after Berkshire first disclosed a stake in Alphabet during the third quarter of 2025, when it purchased roughly 17.8 million shares. Since then, the conglomerate has dramatically increased its investment for two consecutive quarters, turning the Google parent into one of Berkshire's biggest positions. This is breaking news. Please refresh for updates.