Alphabet shares hit record after Berkshire makes rare tech bet with $4.9 billion stake

Tehnologie

Alphabet shares rallied nearly 6 per cent to a record high on Monday after Berkshire Hathaway's new stake provided an endorsement of the tech giant's artificial intelligence efforts amid heightened worries over a looming bubble. The purchase of 17.85 million Alphabet shares - worth about $4.93 billion as of close on Friday - is one of the final major investments by the conglomerate under Warren Buffett and marks a rare foray into the industry by tech-averse Berkshire. The billionaire investor