Berkshire's Abel calls Alphabet a 'significant player' in $37.8B AI bet

Berkshire Hathaway’s new CEO, Greg Abel, has given some rare insight into why the firm now counts Alphabet (NASDAQ: GOOG) as its third-largest stock holding.

CEO Greg Abel said Berkshire Hathaway is going all-in because it believes the tech giant will benefit from the AI boom through the Google stock itself and the electricity its utilities can sell to data centers. 

How can Berkshire win from AI? 

Berkshire Hathaway’s CEO, Greg Abel, has described Alphabet as a “significant player” in AI. Abel said that his perception of the company is what led him and Warren Buffett to sign off on an extra $10 billion in Alphabet stock three months ago. 

At the end of June, Berkshire owned about 106 million Alphabet shares that were worth around $37.8 billion. That makes Alphabet Berkshire’s third-largest stock holding, behind only Apple and American Express. It also represents roughly 10.4% of Berkshire’s total cash reserves, which were $364.7 billion on June 30.

Buffett was the first to buy in on Alphabet’s stock during the third quarter of 2025. He confirmed in a July Fortune interview that it was originally his decision, adding that Abel only makes moves with his approval. However, Abel has taken responsibility for the most recent purchase, which he timed to get a 6.5% discount on Alphabet’s share price.

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