Alphabet Shares Reach Record High Following Berkshire Hathaway's Investment

Alphabet Inc.'s stock price reached an all-time high of $294.55 on November 19, following Berkshire Hathaway's disclosure of a $4.3 billion investment in the tech giant. This stake, comprising 17.85 million shares, positions Alphabet as Berkshire's tenth-largest equity holding. The investment marks a notable shift for Berkshire, traditionally cautious with tech stocks. Concurrently, Berkshire reduced its Apple holdings by 15%, bringing its stake to 238.2 million shares valued at $60.7 billion. Alphabet's shares have risen 46% this year, reflecting investor confidence in its AI initiatives and cloud services. Warren Buffett is set to step down as CEO at the end of 2025, with Greg Abel slated to succeed him.