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Berkshire Hathaway Buys Massive $38B Alphabet Stake to Break Selling Streak

24/7 Wall St. Read original source (opens in a new tab)
The Story

News Summary

  • Berkshire Hathaway broke a 14-quarter net-selling streak by purchasing 48.1 million Alphabet shares worth $37.8 billion.
  • The massive bet vaults Alphabet to Berkshire's third-largest position at 10.2% of its portfolio, backed by strong conviction in Google's search monopoly, YouTube reach, and resilient cash flow.
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