Alphabet Jumps as Berkshire Reveals $4.9 Billion Stake
This article first appeared on GuruFocus. Alphabet (GOOGL, Financials) rose more than 5% after Berkshire Hathaway unveiled an unusual tech-sector commitment to the business, which investors saw as a validation of its artificial intelligence plan. In the September quarter, Berkshire bought 17.85 million shares worth $4.93 billion.The investment comes as public attitude toward giant internet…