Buffett Endorses Alphabet, Reveals $31B Stake After 3.65% Jump
GOOG has more than doubled off its 52-week low of $181.5.
Summary
Warren Buffett publicly endorsed Alphabet on CNBC, stating it can beat 90-95% of Wall Street stock picks. He confirmed personally initiating the position, ending speculation that Greg Abel was behind the bet. Berkshire started buying in Q3 2025, added through early 2026, and bought $10 billion more in June via a private placement tied to Alphabet's $80 billion AI raise. The stake now exceeds $31 billion. Shares rose 3.65% to $370.36 after the interview. Buffett acknowledged the massive $180-190 billion capex plan but highlighted $174 billion in operating cash flow and 22% Q1 revenue growth to $110 billion. This follows Alphabet's $80 billion equity offering in June and its $700 billion capex plan announced in May, reinforcing the AI investment thesis with a high-profile endorsement.
At the time of this announcement, GOOG was trading at $371.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.5T. The 52-week trading range was $181.50 to $404.47. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Binance News.