{"id":15415,"date":"2025-11-17T10:08:16","date_gmt":"2025-11-17T08:08:16","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/alphabets-shares-rally-after-berkshire-reveals-4-9-billion-stake\/"},"modified":"2026-02-27T16:27:38","modified_gmt":"2026-02-27T14:27:38","slug":"alphabets-shares-rally-after-berkshire-reveals-4-9-billion-stake","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/alphabets-shares-rally-after-berkshire-reveals-4-9-billion-stake\/","title":{"rendered":"Alphabet&#8217;s shares rally after Berkshire reveals $4.9 billion stake"},"content":{"rendered":"<p>A filing on Friday showed that Berkshire owned 17.85 million shares in Google&#8217;s parent as of September 30. As of the stock&#8217;s last close, the stake would be worth $4.93 billion, according to <em>Reuters<\/em>&#8216; calculations.<\/p>\n<p>&nbsp;<\/p>\n<p>Berkshire&#8217;s move comes amid growing concerns over Big Tech&#8217;s heavy artificial intelligence (AI) spending that intensified after Michael Burry, known for &#8220;The Big Short&#8221;, deregistered his hedge fund last week following his recent criticism of leading AI companies.<\/p>\n<p>&nbsp;<\/p>\n<p>Buffett is ending his 60-year run as chief executive officer of Berkshire Hathaway at the end of 2025. He will be succeeded by Greg Abel.<\/p>\n<p>&nbsp;<\/p>\n<p>It was unclear whether Buffett, his portfolio managers Todd Combs and Ted Weschler or Abel made the specific purchase, though Buffett typically oversees the larger investments.<\/p>\n<p>&nbsp;<\/p>\n<p>At Berkshire&#8217;s annual shareholder meeting in 2019, Buffett and late Vice Chairperson Charlie Munger lamented not investing in Google sooner. &#8220;We screwed up,&#8221; Munger said.<\/p>\n<p>Berkshire has traditionally steered clear of tech stocks, with Buffett arguing that Apple, its largest stock holding, is a consumer-products company rather than a technology bet.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;Reuters&#8211;<\/p>\n","protected":false},"featured_media":12725,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-15415","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Alphabet's shares rose 5.5% in premarket trading on Monday after Berkshire Hathaway disclosed a stake in the tech giant, marking what could be one of the final major moves by the conglomerate under the leadership of Warren Buffett.","published_date":null,"news_description":"Alphabet's shares rose 5.5% in premarket trading on Monday after Berkshire Hathaway disclosed a stake in the tech giant, marking what could be one of the final major moves by the conglomerate under the leadership of Warren Buffett.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15415\/revisions"}],"predecessor-version":[{"id":19663,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15415\/revisions\/19663"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/12725"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=15415"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=15415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}