00:00 Speaker A
All right, a little bit of breaking news here on this Friday afternoon. Warren Buffett’s Berkshire Hathaway making a bet on big tech. Berkshire Hathaway’s 13F filing showing that Buffett’s firm picked up 17.8 million shares of Alphabet stock in the third quarter.
00:18 Speaker A
That’s valued at just over $4 billion dollars. Alphabet is now Berkshire’s 10th largest holding, and this is a departure for the company, which normally focuses on value companies.
00:27 Speaker A
Charlie Munger, company’s former chairman, once saying, he wished he had just bought Google stock, Google back in the day. He knew how much they were spending on Geico ads on Google and figured, you know, what was I, what was I really missing here? Finally, Berkshire coming in and buying the stock here.
00:46 Speaker A
Now, in other news, uh Google is investing $40 billion in data centers in Texas. Its stock on the rise on the news here in late trading on Friday.
