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Berkshire Hathaway Has Invested $23 Billion in This Stock Since Greg Abel Took Over as CEO. History Says There May Be More to Come

The Motley Fool·
Berkshire Hathaway Has Invested $23 Billion in This Stock Since Greg Abel Took Over as CEO. History Says There May Be More to Come

Since becoming CEO, Greg Abel has overseen Berkshire Hathaway's $23 billion investment in Alphabet stock, making it one of the conglomerate's five largest holdings. Based on historical patterns of high-conviction investing in companies like Apple and Visa, Berkshire may continue buying Alphabet shares. The investment is supported by Alphabet's strong Q2 financial results, robust cloud business growth, competitive advantages, and attractive valuation at 18.1x forward earnings compared to the tech sector average of 20x.

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