<h2>关键点</h2>
<ul>
<li>新任首席执行官 Greg Abel 正在通过大规模投资 Alphabet 来印证他对伯克希尔哈撒韦的影响。</li>
<li>与伯克希尔过去对苹果的投资不同，这一最新举措纯粹是对科技和人工智能的押注。</li>
<li>我们更看好的 10 只股票 ›</li>
</ul>
<p>在前首席执行官沃伦·巴菲特的领导下，<strong>伯克希尔哈撒韦</strong>（NYSE: BRKB）（NYSE: BRKA）从未在科技领域进行大规模投资。巴菲特始终认为我们应该投资于我们了解的领域，他并不认为自己对大多数科技股票的理解足够深入，无法进行投资。</p>
<p>此外，考虑到创新的速度，他认为科技公司不仅被迅速颠覆，而且颠覆本身就是科技商业模式。由于护城河有限，商业模式必须不断演变，他发现预测一家公司的长期收益和现金流实在太困难。</p>
<p><em><strong>人工智能会创造出世界上第一个万亿富翁吗？</strong> 我们的团队刚刚发布了一份关于一家鲜为人知的公司报告，该公司被称为 “不可或缺的垄断”，提供 Nvidia 和 Intel 都需要的关键技术。<strong>继续 »</strong></em></p>
<p>巴菲特最终在 2011 年开始投资该领域，选择了 <strong>国际商业机器</strong>，因为其商业模式更可预测，尽管该股票表现不佳。后来，他在 <strong>苹果</strong> 上获得了丰厚的回报，但他更看重它作为一家消费品公司，而非科技公司，这一点是合理的。</p>
<h2>Abel 在伯克希尔的投资组合上留下印记</h2>
<p>新任首席执行官 Greg Abel 正在通过大量购买 <strong>Alphabet</strong>（NASDAQ: GOOGL）（NASDAQ: GOOG）股票来为伯克希尔及其投资组合留下自己的印记。伯克希尔在过去三个季度购买了近 170 亿美元的股票，并将在 Alphabet 为其数据中心建设提供的 800 亿美元融资中，额外购买 100 亿美元的私募股权。这项最新投资将使 Alphabet 成为伯克希尔的第四大股权持有，假设其投资组合顶部没有其他重大变化。</p>
<p>毫无疑问，Alphabet 是对科技和人工智能（AI）的押注，而不是对消费品的押注。该公司通过此次股权发行筹集资金，以积极扩展其人工智能基础设施。它计划在今年进行 1800 亿到 1900 亿美元的资本支出，并计划在 2027 年显著增加这一金额。</p>
<p>这不再是一家产生大量自由现金流的公司，而是一家计划毫不犹豫地支出，鉴于它所看到的机会。考虑到 Alphabet 在其芯片和人工智能模型上的巨大成本优势，其支出是合理的。但看到伯克希尔投资于此仍然令人惊讶，尽管该公司是最完整的人工智能投资选择。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3Mjg0MS9icmsucG5nJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3Mjg0MS9icmsucG5nJnc9NzAw"/></p>
<p>图片来源：Motely Fool。</p>
<h2>伯克希尔股票在这一投资转变中值得购买吗？</h2>
<p>伯克希尔在第一季度结束时拥有近 4000 亿美元的现金，这给了 Abel 很大的自由度来重塑投资组合。投资 Alphabet 为其组合增添了一只令人兴奋的成长股，并显示出超越传统业务的意愿。</p>
<p>然而，Abel 并没有全力押注科技，最近同意以 68 亿美元现金收购房屋建筑商 <strong>Taylor Morrison Home</strong>（包括债务假设时为 85 亿美元），这可以与伯克希尔的其他住房相关业务相结合。</p>
<p>随着伯克希尔终于开始将其现金储备投入使用并进入科技领域，现在似乎是开始积累该股票的好时机。</p>
<h2>你现在应该购买伯克希尔哈撒韦的股票吗？</h2>
<p>在你购买伯克希尔哈撒韦的股票之前，请考虑以下几点：</p>
<p><em>Motley Fool Stock Advisor</em> 分析团队刚刚确定了他们认为的 <strong>10 只最佳股票</strong> 供投资者现在购买……而伯克希尔哈撒韦并不在其中。这 10 只入选股票在未来几年可能会产生巨额回报。</p>
<p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日进入该名单时……如果你在我们推荐时投资了 1000 美元，<strong>你现在将拥有 439,847 美元</strong>！* 或者当 <strong>Nvidia</strong> 在 2005 年 4 月 15 日进入该名单时……如果你在我们推荐时投资了 1000 美元，<strong>你现在将拥有 1,342,065 美元</strong>！*</p>
<p>现在值得注意的是，<em>Stock Advisor</em> 的总平均回报率为 968%——相比之下，标准普尔 500 指数的回报率为 211%。<strong>不要错过最新的前 10 名单，加入由个人投资者为个人投资者建立的投资社区，获取_Stock Advisor_。</strong></p>
<p><strong>查看这 10 只股票 »</strong></p>
<p><em>*Stock Advisor 回报截至 2026 年 6 月 5 日。</em></p>
<p><em>Geoffrey Seiler 持有 Alphabet 的股份。Motley Fool 持有并推荐 Alphabet、苹果、伯克希尔哈撒韦和国际商业机器的股份。Motley Fool 有披露政策。</em></p>
<p>此处表达的观点和意见是作者的观点和意见，并不一定反映 Nasdaq, Inc.的观点。</p>

伯克希尔哈撒韦-A

伯克希尔哈撒韦-B

TMHC

2 倍做多 BRKB ETF - Direxion

2 倍做多谷歌 ETF - Direxion

1 倍做空谷歌 ETF - Direxion

1 倍做空 BRKB ETF - Direxion

GOOW

南方两倍做多伯克希尔

<p>伯克希尔哈撒韦的新任首席执行官格雷格·阿贝尔正在通过大规模投资 Alphabet（GOOGL/GOOG）来调整公司的投资策略。伯克希尔在三个季度内购买了近 170 亿美元的股票，并将通过私募再购买 100 亿美元。这一举动标志着公司在科技和人工智能领域的重大转变，与沃伦·巴菲特历史上对该行业的谨慎态度形成对比，同时通过最近收购的 Taylor Morrison Home 保持多元化</p>

<h2>Key Points</h2>
<div class="lb-trans"><h2>关键点</h2>
</div><ul>
<li>New CEO Greg Abel is putting his stamp of Berkshire Hathaway by investing big in Alphabet.</li>
<li>Unlike Berkshire's past investment in Apple, this latest move is a pure bet on tech and AI.</li>
<li>10 stocks we like better than Berkshire Hathaway ›</li>
</ul>
<div class="lb-trans"><ul>
<li>新任首席执行官 Greg Abel 正在通过大规模投资 Alphabet 来印证他对伯克希尔哈撒韦的影响。</li>
<li>与伯克希尔过去对苹果的投资不同，这一最新举措纯粹是对科技和人工智能的押注。</li>
<li>我们更看好的 10 只股票 ›</li>
</ul>
</div><p>Under former CEO Warren Buffett, <strong>Berkshire Hathaway</strong>(NYSE: BRKB)(NYSE: BRKA) was never a big investor in the tech sector. Buffett always believed that we should invest in what we know, and he didn't believe he understood most tech stocks well enough to buy them.</p>
<div class="lb-trans"><p>在前首席执行官沃伦·巴菲特的领导下，<strong>伯克希尔哈撒韦</strong>（NYSE: BRKB）（NYSE: BRKA）从未在科技领域进行大规模投资。巴菲特始终认为我们应该投资于我们了解的领域，他并不认为自己对大多数科技股票的理解足够深入，无法进行投资。</p>
</div><p>On top of that, given the pace of innovation, he believed that tech companies not only got disrupted too quickly, but also that disruption was in fact the tech business model itself. With modest moats and business models having to constantly evolve, he found projecting a company's long-term earnings and cash flow to be way too difficult.</p>
<div class="lb-trans"><p>此外，考虑到创新的速度，他认为科技公司不仅被迅速颠覆，而且颠覆本身就是科技商业模式。由于护城河有限，商业模式必须不断演变，他发现预测一家公司的长期收益和现金流实在太困难。</p>
</div><p><em><strong>Will AI create the world's first trillionaire?</strong> Our team just released a report on the one little-known company, called an &#34;Indispensable Monopoly&#34; providing the critical technology Nvidia and Intel both need. <strong>Continue »</strong></em></p>
<div class="lb-trans"><p><em><strong>人工智能会创造出世界上第一个万亿富翁吗？</strong> 我们的团队刚刚发布了一份关于一家鲜为人知的公司报告，该公司被称为 “不可或缺的垄断”，提供 Nvidia 和 Intel 都需要的关键技术。<strong>继续 »</strong></em></p>
</div><p>Buffett finally started to invest in the sector in 2011 with <strong>International Business Machines</strong>, given its more predictable business model, although the stock woefully underperformed. He later hit pay dirt with <strong>Apple</strong>, but he viewed it much more as a consumer goods company than a tech company, which is a fair point.</p>
<div class="lb-trans"><p>巴菲特最终在 2011 年开始投资该领域，选择了 <strong>国际商业机器</strong>，因为其商业模式更可预测，尽管该股票表现不佳。后来，他在 <strong>苹果</strong> 上获得了丰厚的回报，但他更看重它作为一家消费品公司，而非科技公司，这一点是合理的。</p>
</div><h2>Abel puts his stamp on Berkshire's investment portfolio</h2>
<div class="lb-trans"><h2>Abel 在伯克希尔的投资组合上留下印记</h2>
</div><p>New CEO Greg Abel is leaving his own mark on Berkshire and its investment portfolio by loading up on shares of <strong>Alphabet</strong>(NASDAQ: GOOGL)(NASDAQ: GOOG). Berkshire bought nearly $17 billion worth of shares over the past three quarters, and it will purchase $10 billion more in a private placement as part of an $80 billion offering by Alphabet to help fund its data center construction. This latest investment is set to make Alphabet Berkshire's fourth-largest equity holding, assuming no other major changes at the top of its portfolio.</p>
<div class="lb-trans"><p>新任首席执行官 Greg Abel 正在通过大量购买 <strong>Alphabet</strong>（NASDAQ: GOOGL）（NASDAQ: GOOG）股票来为伯克希尔及其投资组合留下自己的印记。伯克希尔在过去三个季度购买了近 170 亿美元的股票，并将在 Alphabet 为其数据中心建设提供的 800 亿美元融资中，额外购买 100 亿美元的私募股权。这项最新投资将使 Alphabet 成为伯克希尔的第四大股权持有，假设其投资组合顶部没有其他重大变化。</p>
</div><p>And make no mistake, Alphabet is a bet on tech and artificial intelligence (AI), not a consumer goods bet. The company is raising cash through this equity offering to aggressively expand its AI infrastructure. It will make $180 billion to $190 billion in capital expenditures this year, with plans to significantly raise that amount in 2027.</p>
<div class="lb-trans"><p>毫无疑问，Alphabet 是对科技和人工智能（AI）的押注，而不是对消费品的押注。该公司通过此次股权发行筹集资金，以积极扩展其人工智能基础设施。它计划在今年进行 1800 亿到 1900 亿美元的资本支出，并计划在 2027 年显著增加这一金额。</p>
</div><p>This is no longer a company generating a boatload of free cash flow that Berkshire is investing in, but one that plans to spend unapologetically given the opportunity it sees in front of it. With the big cost edge that Alphabet has with its chips and AI models, its spending makes sense. But it is surprising to see Berkshire buy into it, even though the company is the most complete AI play out there.</p>
<div class="lb-trans"><p>这不再是一家产生大量自由现金流的公司，而是一家计划毫不犹豫地支出，鉴于它所看到的机会。考虑到 Alphabet 在其芯片和人工智能模型上的巨大成本优势，其支出是合理的。但看到伯克希尔投资于此仍然令人惊讶，尽管该公司是最完整的人工智能投资选择。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-dXJsPWh0dHBzOi8vZy5mb29sY2RuLmNvbS9lZGl0b3JpYWwvaW1hZ2VzLzg3Mjg0MS9icmsucG5nJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F872841%2Fbrk.png&amp;w=700"/></p>
<p>Image source: The Motely Fool.</p>
<div class="lb-trans"><p>图片来源：Motely Fool。</p>
</div><h2>Is Berkshire stock a buy on this investment shift?</h2>
<div class="lb-trans"><h2>伯克希尔股票在这一投资转变中值得购买吗？</h2>
</div><p>Berkshire ended the first quarter with nearly $400 billion in cash, giving Abel a lot of freedom to remake the portfolio how he sees fit. Investing in Alphabet adds an exciting growth stock to its mix and shows a willingness to move beyond stodgy businesses.</p>
<div class="lb-trans"><p>伯克希尔在第一季度结束时拥有近 4000 亿美元的现金，这给了 Abel 很大的自由度来重塑投资组合。投资 Alphabet 为其组合增添了一只令人兴奋的成长股，并显示出超越传统业务的意愿。</p>
</div><p>However, Abel isn't going all-in on tech, recently agreeing to acquire homebuilder <strong>Taylor Morrison Home</strong> for $6.8 billion in cash ($8.5 billion when including the assumption of debt), which he can slot into next to Berkshire's other housing-related businesses.</p>
<div class="lb-trans"><p>然而，Abel 并没有全力押注科技，最近同意以 68 亿美元现金收购房屋建筑商 <strong>Taylor Morrison Home</strong>（包括债务假设时为 85 亿美元），这可以与伯克希尔的其他住房相关业务相结合。</p>
</div><p>With Berkshire finally looking to put its cash hoard to work and getting into the tech sector, now looks like a good time to start accumulating the stock.</p>
<div class="lb-trans"><p>随着伯克希尔终于开始将其现金储备投入使用并进入科技领域，现在似乎是开始积累该股票的好时机。</p>
</div><h2>Should you buy stock in Berkshire Hathaway right now?</h2>
<div class="lb-trans"><h2>你现在应该购买伯克希尔哈撒韦的股票吗？</h2>
</div><p>Before you buy stock in Berkshire Hathaway, consider this:</p>
<div class="lb-trans"><p>在你购买伯克希尔哈撒韦的股票之前，请考虑以下几点：</p>
</div><p>The <em>Motley Fool Stock Advisor</em> analyst team just identified what they believe are the <strong>10 best stocks</strong> for investors to buy now… and Berkshire Hathaway wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.</p>
<div class="lb-trans"><p><em>Motley Fool Stock Advisor</em> 分析团队刚刚确定了他们认为的 <strong>10 只最佳股票</strong> 供投资者现在购买……而伯克希尔哈撒韦并不在其中。这 10 只入选股票在未来几年可能会产生巨额回报。</p>
</div><p>Consider when <strong>Netflix</strong> made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, <strong>you’d have $439,847</strong>!* Or when <strong>Nvidia</strong> made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, <strong>you’d have $1,342,065</strong>!*</p>
<div class="lb-trans"><p>考虑一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日进入该名单时……如果你在我们推荐时投资了 1000 美元，<strong>你现在将拥有 439,847 美元</strong>！* 或者当 <strong>Nvidia</strong> 在 2005 年 4 月 15 日进入该名单时……如果你在我们推荐时投资了 1000 美元，<strong>你现在将拥有 1,342,065 美元</strong>！*</p>
</div><p>Now, it’s worth noting <em>Stock Advisor’s</em> total average return is 968% — a market-crushing outperformance compared to 211% for the S&amp;P 500. <strong>Don't miss the latest top 10 list, available with <em>Stock Advisor</em>, and join an investing community built by individual investors for individual investors.</strong></p>
<div class="lb-trans"><p>现在值得注意的是，<em>Stock Advisor</em> 的总平均回报率为 968%——相比之下，标准普尔 500 指数的回报率为 211%。<strong>不要错过最新的前 10 名单，加入由个人投资者为个人投资者建立的投资社区，获取_Stock Advisor_。</strong></p>
</div><p><strong>See the 10 stocks »</strong></p>
<div class="lb-trans"><p><strong>查看这 10 只股票 »</strong></p>
</div><p><em>*Stock Advisor returns as of June 5, 2026.</em></p>
<div class="lb-trans"><p><em>*Stock Advisor 回报截至 2026 年 6 月 5 日。</em></p>
</div><p><em>Geoffrey Seiler has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet, Apple, Berkshire Hathaway, and International Business Machines. The Motley Fool has a disclosure policy.</em></p>
<div class="lb-trans"><p><em>Geoffrey Seiler 持有 Alphabet 的股份。Motley Fool 持有并推荐 Alphabet、苹果、伯克希尔哈撒韦和国际商业机器的股份。Motley Fool 有披露政策。</em></p>
</div><p>The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.</p>
<div class="lb-trans"><p>此处表达的观点和意见是作者的观点和意见，并不一定反映 Nasdaq, Inc.的观点。</p>
</div>

Berkshire Hathaway Bets Big on Alphabet, Signaling a Shift Into Tech Investing

- 新任 CEO Greg Abel 正在通过大量投资 Alphabet 给伯克希尔·哈撒韦印记。  
- 在过去三个季度，伯克希尔购买了近 170 亿美元的 Alphabet 股票。  
- 这标志着伯克希尔转向科技和人工智能领域的投资。

nasdaq

Taylor Morrison Home

Roundhill GOOGL WeeklyPay ETF

谷歌-C

谷歌-A

伯克希尔哈撒韦大举投资 Alphabet，显示出向科技投资领域的转变