Greg Abel Boosts Berkshire Alphabet Stake to 7% of $332B Portfolio

Berkshire Hathaway under new CEO Greg Abel has materially increased its Alphabet position, now representing nearly 7% of the $332 billion portfolio. The move highlights institutional support for Alphabet’s AI strategy, centered on its custom TPUs that are gaining traction through deals with Anthropic, Meta and Blackstone. Alphabet reported strong Q1 results with revenue up 22% to $109.8 billion and operating income surging 39% to $39.6 billion. Wall Street’s median price target of $430 implies about 11% upside from the current ~$386 level, though Nvidia retains its dominant position in AI accelerators.