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Warren Buffett tells CNBC he initiated Berkshire Hathaway's investment in Alphabet

Buffett said Berkshire’s Alphabet stake was his idea as the company expanded its bet to $21 billion and joined a $10 billion stock placement.

  • On Wednesday, Warren Buffett told CNBC he personally initiated Berkshire Hathaway's investment in Alphabet, stating, "I initiated it," while emphasizing that CEO Greg Abel is the decider on capital allocation.
  • Berkshire Hathaway first disclosed its stake in Alphabet during the third quarter of 2025, and earlier this year, the firm joined a $10 billion private placement by Google to fund artificial intelligence infrastructure.
  • Despite the investment, Buffett offered a measured assessment, stating, "I don't like it as well as at least four or five other businesses that we own." He also expressed caution about competitors' AI spending, calling it "real money."
  • Buffett's remarks reinforce that Abel holds the title of decision-maker while remaining an active participant in capital allocation. Abel's first annual letter prioritized stewardship, confirming Buffett remains chairman and in the office five days a week.
  • Turning to Apple, Buffett said his enthusiasm has not dimmed, calling it among his most prized investments. He noted, "I know more about Apple than I knew many years ago," despite plans for CEO Tim Cook to eventually depart.
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CNBC broke the news in Englewood Cliffs, United States on Wednesday, July 15, 2026.
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