Tag: american multinational conglomerate

The post Berkshire buys $4. 3B com. Berkshire Hathaway, the American multinational conglomerate holding firm led by Warren Buffett, has announced a new investment in Alphabet, Google’s parent company. Following this move, the company stated that it held approximately a $4. 3 billion stake in Alphabet at the end of the third quarter. As the multinational powerhouse invested in Alphabet, it continued to reduce its investment in Apple significantly. The company reduced its investment by another 15% this quarter, totaling $60. 7 billion. Regarding the company’s holdings in Alphabet, several individuals stated that they were shocked by this decision. This is because Buffett is renowned for his value investing strategy and typically hesitates to make investments in rapidly growing tech firms. Meanwhile, with this investment in place, a regulatory filing revealed that Alphabet solidified its position as the 10th biggest stock holding for the conglomerate as of the end of September. Buffett confesses to missing out on investing in Google early on Berkshire has reportedly owned Apple for several years. However, analysts discovered Buffett views the iPhone maker as a consumer products firm rather than a typical tech company. Following this perspective, the analysts concluded that Berkshire’s investment managers, Ted Weschler or Todd Combs, likely made this purchase. According to their argument, these individuals have actively engaged with technology stocks. Their statement followed reports from sources revealing that one of them began investing in Amazon in 2019, and Berkshire still owns roughly $2. 2 billion of Amazon shares. Notably, Amazon has been attracting firms to invest in the company after it was ranked as a top performer this year, with its stock price escalating by 46%. On the other hand, the significant demand for AI has greatly enhanced its cloud services business. Buffett once confessed that he had missed out on investing in Google early on, although he had noticed.