Warren Buffett's position in Alphabet is currently worth $1.28B. That's 0.45% of their equity portfolio (18th largest holding). The stake costed the investor $1.15B, netting the investor a gain of 12% so far.
Berkshire Hathaway owns lots of companies outright and stock in many other companies. Buffett has stepped down as CEO and Greg Abel is in charge now.
One of Buffett's philosophies is to invest in businesses you understand. Another of his beliefs: Invest in companies with competitive moats.
Google's parent is raising tens of billions of dollars in stock to fund its AI spending -- and Warren Buffett's conglomerate wants in on it.
Berkshire has largely avoided investing in the tech sector in the past.