Despite Warren Buffett's Imminent Departure, Berkshire Hathaway Piled Into an AI Stock That's Been a 10-Bagger Since Its IPO in 2014
Berkshire Hathaway, under Warren Buffett's leadership, has invested in Alphabet, an AI stock, as Buffett prepares to step down as CEO. Greg Abel will succeed him, while Buffett remains chairman. Despite past conservatism, Berkshire's $4.3 billion investment in Alphabet reflects confidence in AI's potential. Alphabet, part of the "Magnificent Seven," has faced legal challenges but remains strong in AI, with innovations like AI Mode and Gemini 3. The stock has risen significantly, highlighting Berkshire's strategic timing and Alphabet's diverse business strengths.
Motley Fool·