CEO Greg Abel detailed Berkshire Hathaway’s significant Alphabet stake and artificial intelligence strategy. Analysts suggest the conglomerate’s stock remains undervalued by as much as 19%.
Berkshire became a net buyer of equities for the first time in over three years. The company increased its Alphabet investment to become the third-largest common stock position in its portfolio.
Strong second-quarter earnings reinforced investor confidence. These moves follow a period where Berkshire shares underperformed the S&P 500.