Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Berkshire Hathaway cuts many stocks but triples investment in Alphabet amid economic caution.

Market News
17 May 2026
24/7 Wall Street
View Source
Bullish
pluang ai news

Berkshire Hathaway, under new leadership, drastically reduced holdings in 16 stocks and trimmed others tied to economic activity, signaling caution about a potential economic slowdown. Despite this, it tripled its investment in Alphabet, valuing the tech giant at about $16.6 billion, highlighting confidence in Alphabet's strong cash flow, AI leadership, and growth potential. This move suggests Berkshire sees Alphabet as a resilient growth stock even in uncertain economic times, making it a key pick for investors seeking stability and innovation.

More News (GOOGL)

Wall Street raises Alphabet price target to $445 on strong AI and cloud growth outlook.

Wall Street raises Alphabet price target to $445 on strong AI and cloud growth outlook.

Alphabet's stock received a bullish upgrade from Oppenheimer, with the price target raised to $445 from $425, reflecting confidence in its Google Cloud Platform and AI-driven growth. The company reported strong Q1 results, including a 63% year-over-y...

Analyst Insights
Bullish
6 hours ago
Two ETFs using political and social data show contrasting returns; political insider ETF outperforms social sentiment ETF.

Two ETFs using political and social data show contrasting returns; political insider ETF outperforms social sentiment ETF.

Two unconventional ETFs use alternative data to guide investments: the Unusual Whales Subversive Democratic Trading ETF (NANC) tracks stock disclosures by Democratic Congress members, while the VanEck Social Sentiment ETF (BUZZ) analyzes social media...

Market News
Bullish
1 day ago
S&P 500 extends winning streak to seven weeks, led by tech giants amid market rotation and rate concerns.

S&P 500 extends winning streak to seven weeks, led by tech giants amid market rotation and rate concerns.

The S&P 500 achieved its seventh consecutive weekly gain, driven by strong performances in large cap growth stocks, energy, commodities, and cybersecurity sectors. Key contributors include major tech companies like NVIDIA, Apple, and Microsoft, which...

Market News
Bullish
1 day ago
Google's AI-powered Fitbit and upcoming smart glasses could revolutionize fitness tracking on the go.

Google's AI-powered Fitbit and upcoming smart glasses could revolutionize fitness tracking on the go.

Google is integrating its AI-powered Gemini technology with Fitbit data in a new Google Health app, aiming to enhance fitness tracking and coaching. This innovation is expected to extend to Google's upcoming smart glasses, potentially offering real-t...

Market News
Bullish
1 day ago
Berkshire Hathaway reveals first portfolio update under new CEO Greg Abel, showing strategic shifts post-Buffett.

Berkshire Hathaway reveals first portfolio update under new CEO Greg Abel, showing strategic shifts post-Buffett.

Berkshire Hathaway, under new CEO Greg Abel, disclosed its first quarterly portfolio update since Warren Buffett stepped down. The $263 billion equity portfolio saw significant changes, including increased stakes in Alphabet, The New York Times, and ...

Market News
Neutral
1 day ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App