Berkshire Hathaway's Surprising Tech Bet

Berkshire Hathaway, led by Warren Buffett, makes a surprising move by investing heavily in Alphabet, Googles parent company, marking it as their tenth largest equity holding. This shift towards tech, particularly AI and cloud computing, is a departure from Buffetts traditional value investing. The investment is believed to be driven by managers Ted Weschler and Todd Combs, who have a history of identifying promising tech companies. Meanwhile, Berkshire continues to sell off Apple shares, despite it still being their largest equity holding.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.