Warren Buffett's Successor, Greg Abel, Just Plowed $10 Billion into this Magnificent Artificial Intelligence (AI) Stock

Berkshire Hathaway’s new CEO Greg Abel dramatically increased the company’s stake in Alphabet, buying an additional $10 billion through a private placement ($5B of Class A at ~$352 and $5B of Class C at ~$348, ~6% discount). Combined with earlier purchases, Berkshire now holds about $30 billion of Alphabet stock, boosting its position and signaling strong institutional conviction in Alphabet’s AI-driven growth. Alphabet is raising roughly $80 billion to fund an AI infrastructure buildout (including $30B underwritten and $40B ATM offerings) and has raised large amounts via bond sales; management raised capex guidance to as much as $190 billion. Alphabet’s solid fundamentals — Q1 revenue $108.89B (+21% YoY), Google Cloud revenue $20.02B (+63% YoY) and a $462B services backlog — underpin the trade. The move is market-positive for AI and big-tech sentiment, likely reinforcing investor appetite for AI-exposed equities and validating large-scale capital raises to fund compute and data-center expansion.