Alphabet Stock Rises on Berkshire Hathaway’s $4.3 Billion Endorsement
Alphabet Inc. shares surged in pre-market trading after Warren Buffett's Berkshire Hathaway disclosed a $4.3 billion stake in the tech giant. The investment, representing 1.6% of Berkshire's portfolio, signals strong institutional confidence in Google's long-term growth trajectory.
Buffett's rare foray into tech highlights Alphabet's robust fundamentals—dominant digital advertising, expanding cloud services, and emerging AI capabilities. The MOVE comes despite broader market concerns about AI valuation bubbles, positioning GOOGL as a durable holding with competitive moats.
Pre-market trading saw GOOGL climb 5%, extending its year-to-date gains to 45%. The endorsement from Berkshire's typically conservative investment strategy underscores Alphabet's cash-generating prowess and strategic positioning in the evolving tech landscape.