As reported by Reuters, prior to the opening of the U.S. stock market on Monday, November 17 (Beijing Time), shares of Alphabet, Google's parent company, experienced a remarkable 5.2% surge. Earlier, Berkshire Hathaway, the conglomerate helmed by the legendary 'Stock God' Warren Buffett, revealed that it had taken a stake in Alphabet. The company now holds roughly 17.85 million shares. Based on the most recent closing price, these shares are valued at approximately $4.93 billion. In the context of the U.S. investment landscape, Buffett has long been known for his conservative and value - oriented investment approach. This move into Alphabet, a tech giant, is somewhat out of the ordinary for Berkshire under his leadership. It's highly likely that this represents one of the last significant investment moves Berkshire will make with Buffett at the helm. Moreover, it sends a strong signal that the company is actively ramping up its presence in the technology sector, a space that has been evolving rapidly and presenting both opportunities and challenges.
