Warren Buffett Stepped Back From Berkshire Hathaway With a Bang; Its Investment in 1 AI Stock Now Tops $30 Billion
This company is one of the leading players in the AI race.
Overview
When you hear the name Warren Buffett and the conglomerate Berkshire Hathaway that he built into one of the world's largest market caps, you do not think of cutting-edge technology or artificial intelligence (AI). Buffett made his dough mostly in insurance, newspapers, and consumer goods brands like Coca-Cola.
However, before retiring from day-to-day operations at the end of 2025, Buffett began making a massive new Berkshire investment in Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL), the parent company of Google, as he confirmed in a recent CNBC interview. Berkshire now has a whopping $30 billion bet on Alphabet.
Details
Should you follow the Oracle of Omaha and buy Alphabet stock for your portfolio?
Source
Originally published at www.fool.com.