Google stock skyrockets after Warren Buffett buys $4.3 billion in shares
Alphabet jumped after Berkshire Hathaway disclosed a $4.3 billion stake in the Google parent. Shares rose 6.1% to $293.40 in after-hours trade. The stock briefly hit 7%. Berkshire made Alphabet its tenth-largest U.S. holding. The firm also sold $10.6 billion of Apple and cut Bank of America. Apple stayed its biggest holding. Buffett earlier praised Alphabets ad business. Tech valuations remain stretched. Alphabet posted strong Q3 earnings. It raised capex for AI. The company also announced a $40 billion Texas data-center plan. Investors tracked Mondays gains.
Alphabet jumped after Berkshire Hathaway disclosed a $4.3 billion stake in the Google parent. Shares rose 6.1% to $293.40 in after-hours trade. The stock briefly hit 7%. Berkshire made Alphabet its tenth-largest U.S. holding. The firm also sold $10.6 billion of Apple and cut Bank of America. Apple stayed its biggest holding. Buffett earlier praised Alphabets ad business. Tech valuations remain stretched. Alphabet posted strong Q3 earnings. It raised capex for AI. The company also announced a $40 billion Texas data-center plan. Investors tracked Mondays gains.
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