Warren Buffett's Berkshire Hathaway revealed late Friday that it owns a $4.3 billion stake in Google parent Alphabet as of the end of the third quarter. Alphabet shares rallied on Monday and are now up about 50% this year, driven in part by the artificial intelligence boom.
The SOXL ETF remains a compelling play on the accelerating AI-driven demand for semiconductors, even after recent overperformance since my last coverage. Warren Buffett's Berkshire Hathaway disclosed a $4.3B stake in GOOGL, timed amid Burry's shorts, signaling long-term AI potential over short-term worries. The ongoing evolution of AI applications, from self-driving vehicles to personalized healthcare, suggests continued exponential growth, supporting the semiconductor bull case.
Alphabet (GOOG) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Alphabet (GOOGL) possesses solid growth attributes, which could help it handily outperform the market.
Major U.S. equities indexes were mixed and little changed at midday Monday ahead of a slew of earnings reports from big retailers and tech companies expected later this week. The S&P 500 and Nasdaq were slightly higher, while the Dow edged lower.
Alphabet (GOOGL) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
GOOGL's surging AI-driven search and cloud momentum fuels standout gains and supports its premium valuation.
Warren Buffett will be officially stepping down as Berkshire Hathaway's (NYSE:BRK-B) CEO in a little over a month.
Shares of Google parent Alphabet (GOOG, GOOGL) surged Monday after Warren Buffett's Berkshire Hathaway (BRK.A, BRK.B) revealed a new stake in the tech giant.
The shares of Alphabet Inc (NASDAQ: GOOGL) are trading up 5.1% at $290.37 at last check, moving higher after Warren Buffett's Berkshire Hathaway (BRK.A) said it bought 17.85 million shares -- valued at $4.93 billion -- from the Google parent during the third quarter.
Nasdaq and S&P500 trade flat as Alphabet rallies and Nvidia slips ahead of earnings. Traders eye jobs data for insight into Fed policy and US indices forecast.
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