Warren Buffett Made a $4 Billion Investment in AI in spite of Global stocks sell-off concerning AI valuation

Warren Buffett and Berkshire Hathaway (NYSE: BRK.B)(NYSE: BRK.A) continue to sell Apple stock, increasing the company's cash position to close to $400 billion...

One stock Berkshire is buying is Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL). The technology giant and leading artificial intelligence (AI) stock has been a favorite of Buffett and the team for years, although they have never bought the stock.

That is, until last quarter, when Berkshire Hathaway bought over $4 billion worth of the company that owns Google Search, YouTube, Waymo, and the Gemini AI chatbot.

After the launch of OpenAI's ChatGPT, Google and Alphabet were deemed AI losers by Wall Street. Even though Alphabet was on the cutting edge of AI research, it was losing ground (and quickly) to ChatGPT and its viral growth...

Exchanges like Bitget and others are capitalizing on these opportunities and offering their users to trade these stocks while also incentivizing with zero stock trade and events like stock rush phase 6...

Overall, Berkshire Hathaway took a stake in Alphabet back in the third quarter, when the price of the stock may have been closer to $200 a share. Today, Alphabet trades at close to $290 and Even though Buffett and the team bought this stock at a lower price, Alphabet looks like a solid bet for any investor hunting for a Magnificent Seven stock to buy today.

whats your thoughts

Source: [https://finance.yahoo.com/news/billionaire-warren-buffett-just-made-092500707.html](https://finance.yahoo.com/news/billionaire-warren-buffett-just-made-092500707.html)