Warren Buffett's Successor Greg Abel Continued Alphabet Share Purchases

Berkshire Hathaway's new CEO, Greg Abel, continues to add artificial intelligence-focused Alphabet shares, which Warren Buffett also liked, to the portfolio. With the massive purchases made in the second quarter, Alphabet rose to become the company's third-largest asset.

Alphabet Investments

Berkshire Hathaway management continued to add Alphabet shares to its portfolio during the second quarter period.

Massive Share Purchase

The company included approximately 48 million Alphabet shares in its portfolio, bringing the total investment to $16.3 billion.

Third Largest Asset

As a result of these major purchases, Alphabet became the third-largest asset in the Berkshire Hathaway portfolio.

Artificial Intelligence and Cloud Revenues

Alphabet's growth rate gained momentum with investments in artificial intelligence infrastructure, data centers, and Google Cloud.