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Berkshire Buys $17B Alphabet Stake as Cloud Growth Accelerates

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

News Summary

  • Berkshire Hathaway initiated a massive $17 billion stake in Alphabet, making it its third-largest holding.
  • Despite surging AI infrastructure capital expenditures and negative free cash flow, Alphabet's 82% Cloud growth, attractive 17x valuation, and substantial $514 billion backlog offer strong bullish upside.
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GOOGL price history

347.33 +10.59% over the displayed period

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