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Berkshire Hathaway Discloses $31 Billion Alphabet Stake
Warren Buffett said Berkshire Hathaway built the position because technology companies shifted capital spending toward data centers and chips. Alphabet shares rose nearly 4 percent after the comments, lifting Google co-founder Larry Page's net worth above $300 billion.
Jul 16, 3:19 PM·1m read1 source
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He compared the spending pattern to the capital-intensive investments made by railroads and utilities that Berkshire has owned for decades. Buffett told CNBC that the technology firms "don't have any choice" but to make the outlays to remain competitive.
He added that the companies are "playing a game they don't want to play" and referenced IBM's recent revenue shortfall as an example of what can occur when spending patterns change.
Hathaway began acquiring Alphabet shares in the third quarter of 2025 and added $10 billion more last month. Buffett said he initiated the purchases and that Alphabet ranks as the firm's fifth- or sixth-largest holding. Alphabet shares rose nearly 4 percent on Wednesday after the remarks, pushing Google co-founder Larry Page's net worth above $300 billion for the second time, according to Forbes.
The stock continued to climb on Thursday.
Alphabet plans to spend up to $185 billion on artificial-intelligence infrastructure.
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