Greg Abel Triples Berkshire's Alphabet Stake by 200% as AI Growth Lifts Google Cloud
Updated
Updated · The Motley Fool · Jul 15
Greg Abel Triples Berkshire's Alphabet Stake by 200% as AI Growth Lifts Google Cloud
3 articles · Updated · The Motley Fool · Jul 15
Summary
Berkshire Hathaway raised its Alphabet position by about 200% in the first quarter, with Greg Abel also opening a stake in Class C shares.
The move reinforced Warren Buffett's initial third-quarter purchase and reflected Berkshire's view that Alphabet's dominant search franchise and still-reasonable valuation offered a long-term entry point.
Alphabet now trades around 24 times forward earnings, up from below 20 times when Buffett first bought, but the report argues the stock remains attractively priced.
AI has strengthened the case: Alphabet said AI pushed search queries to a record high, while Google Cloud revenue rose more than 60% and backlog nearly doubled to about $460 billion.