Berkshire Hathaway’s $5 Billion Alphabet Bet Sparks Tech Sector Rally
Alphabet shares surged 5.4% in premarket trading after Berkshire Hathaway disclosed a $4.93 billion position in the tech giant. The Warren Buffett-led conglomerate acquired 17.85 million GOOGL shares as of September 30, marking a rare foray into pure-play technology investments beyond its longstanding Apple stake.
The acquisition signals institutional confidence in Alphabet's advertising-search-AI trifecta, with year-to-date gains now reaching 46%. Notably, Berkshire trimmed its Apple holdings by 15% during the same period, suggesting a strategic reallocation within tech exposures.