Buffett's Berkshire Hathaway Drops $14.5 Billion on Google Stock
Warren Buffett's investment arm Berkshire Hathaway has a record cash pile of $365.5 billion, which has mostly remained untouched until now. The new CEO, Greg Abel, announced that a small portion of this cash would be used to buy and repurchase Alphabet's Class A Google stock (NASDAQ: GOOGL) for the first time in 2026.
The transactions were done in two different modes, including buying Google stock and also repurchasing shares. The new investment was worth a total of $14.5 billion, in addition to an already existing investment of $4.5 billion in GOOGL, alongside a $10 billion private placement purchase in Alphabet.
Berkshire Hathaway confirmed it has invested $10 billion in buying Google stock and repurchased its shares worth about $4.5 billion, making the total investment in Alphabet touch a record of $14.5 billion. The self-made billionaire is heavily betting on Alphabet as it enters the next-gen technology of AI.