Warren Buffett spent decades avoiding tech stocks. Now he’s sitting on a $31 billion bet on the company that owns Google, and he’s explaining exactly why he changed his mind.
On July 15, 2026, Buffett told CNBC’s Squawk Box that he personally initiated Berkshire Hathaway’s investment in Alphabet, a position that has grown to become the conglomerate’s third-largest equity holding, trailing only Apple and American Express.
How a $4.3B starter position became a $31B headline
Berkshire began accumulating Alphabet shares in Q3 2025, picking up roughly 17.8 million shares for approximately $4.3 billion. In June 2026, Berkshire wired $10 billion into Alphabet through a private placement, as part of Alphabet’s broader $80 billion equity raise designed to accelerate its AI infrastructure buildout.
Following Buffett’s public disclosure of the stake, Alphabet’s stock climbed 3.65% to around $370 per share.
