💥 Read this must-read post from Investopedia | Expert Financial Advice and Markets News 📖
📂 Category: Stocks & Bond News,Markets News,News
✅ Key idea:
Key takeaways
- Shares of Alphabet, Google’s parent company, rose on Monday after Warren Buffett’s Berkshire Hathaway unveiled a new stake in the tech giant.
- The investment firm bought nearly 18 million shares of Google’s parent company in the third quarter, a regulatory filing showed on Friday.
Shares of Google parent Alphabet (GOOG, GOOGL) rose on Monday after Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) disclosed a new stake in the tech giant.
Alphabet shares rose more than 5% in recent trading, at a time when the broader technology sector lost ground. (Read our daily markets coverage here.)
Berkshire bought about 17.8 million shares of Alphabet stock in the third quarter, its 13F filing showed Friday. The value of this share was approximately $4.33 billion at the end of the quarter.
Why is this important to you?
While 13F filings provide a somewhat outdated view of an investment company’s holdings, many investors look to Berkshire’s quarterly reports for insights into Warren Buffett’s thoughts on the market and where to invest.
Buffett has long been cautious about technology stocks, although with the “Oracle of Omaha” preparing to step down as CEO at the end of the year, it is possible that someone else at Berkshire may have made the call to invest in Alphabet.
Berkshire also moved to trim its stakes in Apple (AAPL) and Bank of America (BAC) in the third quarter, although they remain two of Berkshire’s largest holdings.
In another development that could boost sentiment surrounding Alphabet stock, the company’s YouTube TV on Friday ended a long-running carriage dispute with Disney (DIS) that took the entertainment giant’s networks like ESPN and ABC off the streaming service for weeks. The deal includes a commitment to make ESPN’s new streaming service free to YouTube TV subscribers, and the ability to bundle Disney’s other streaming services, Disney+ and Hulu, with a YouTube TV subscription.
With Monday’s gains, Alphabet shares are up more than 50% for 2025.
💬 Share your opinion below!
#️⃣ #tech #stock #boost #bet #Buffetts #Berkshire #Hathaway
