Berkshire Hathaway Buys $10 Billion of Alphabet, Deepening AI Bet

3 articles · Updated · Yahoo Finance · Aug 2

$10 billion of Alphabet stock was bought by Berkshire Hathaway in a June private placement, split evenly between $5 billion of Class A shares and $5 billion of Class C shares.
The purchase extends a position Berkshire began in the third quarter of 2025 with about 18 million shares, after new CEO Greg Abel added roughly 40 million more in the first quarter of 2026.
Berkshire's move comes as investors question whether heavy AI spending will pay off, with Alphabet projecting $195 billion to $205 billion in capital expenditures this year.
The investment also reverses Warren Buffett's earlier regret about missing Alphabet and signals Berkshire sees long-term value in both the company and an AI market Statista pegs at $617 billion in 2026.