00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Warren Buffett said he initiated Berkshire Hathaway's investment in Alphabet,
00:07which has become one of the conglomerate's largest technology holdings, according to CNBC.
00:12Buffett said he and CEO Greg Abel consult each other on major decisions,
00:16but Abel has final authority. Berkshire first disclosed its Alphabet stake in the third quarter
00:22of 2025 and later expanded the holding. The conglomerate also joined a $10 billion private
00:29placement to support Alphabet's artificial intelligence infrastructure. Buffett said
00:34Alphabet fits his preference for businesses that can generate high returns on capital over long
00:39periods, though he ranks at least four or five Berkshire holdings above it. He also cited the
00:44hundreds of billions of dollars required to compete in artificial intelligence as a key concern.
00:50Buffett said Apple remains one of his favorite holdings following Tim Cook's decision to step
00:55down. For all things money, visit Benzinga.com.
00:59Ladies and 것을 know, podcasting is the Coleg escorted foreign history.
Comments