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Alphabet Surges as Berkshire Boosts Stake 658% With $445 Price Target

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

News Summary

  • Berkshire Hathaway boosted its Alphabet stake by 658%, spotlighting its attractive 17x P/E valuation relative to peers.
  • With Google Cloud backlog reaching $514 billion and strong AI adoption, analysts set a $445 price target, despite surging capital expenditures.
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