Buffett says he personally pushed Berkshire's 21 billion dollar Alphabet bet to back its AI push

12:53 AM · July 15, 2026

Warren Buffett said he was personally behind Berkshire Hathaway's decision to build a stake in Alphabet worth roughly 21 billion dollars, according to Bloomberg, signaling his own support for the technology company's heavy spending on AI. Berkshire first bought a small position in Alphabet in the third quarter of 2025 while Buffett was still chief executive, and successor Greg Abel has since expanded the position considerably, more than tripling Berkshire's Alphabet holding in the first quarter of 2026 and agreeing in June to a 10 billion dollar private placement of Alphabet stock as part of the company's equity raise. The scale of the purchases reflects growing conviction inside Berkshire that Alphabet sits at the center of the AI boom across search, cloud computing, and digital infrastructure, with Google Cloud revenue up 63 percent year over year to about 20 billion dollars and Alphabet's cloud backlog nearly doubling in a single quarter to more than 460 billion dollars. Buffett's comments are notable both because he has historically been skeptical of technology investments and because they come as Berkshire's Alphabet stake has grown into one of the clearest signals of how mainstream, generalist investors are positioning around the AI buildout.