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Warren Buffett Successor Greg Abel Pours $10 Billion More Into His Largest Bet Yet

The Motley Fool·
Warren Buffett Successor Greg Abel Pours $10 Billion More Into His Largest Bet Yet

Berkshire Hathaway CEO Greg Abel has invested $21 billion total in Alphabet shares, with $11 billion in Q1 and an additional $10 billion recently negotiated at a discount. This investment marks a significant shift from Warren Buffett's tech-averse strategy, positioning Alphabet as Berkshire's fourth-largest holding. The capital will fund AI infrastructure and employee compensation, supporting Google Cloud's accelerating growth and AI-driven improvements in the core advertising business.

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