Under the leadership of CEO Greg Abel, Berkshire Hathaway company invested $16.8 billion in two days.
It seems that Greg Abel is putting his own stamp on Berkshire Hathaway. The company spent $16.8 billion in just two days to acquire residential builder Taylor Morrison Homes and help Google expand its artificial intelligence business. These investments may finally satisfy investors who have been urging Abel to take action since he took over as CEO in January, hoping he would do things his predecessor Warren Buffett never did: use more of Berkshire's cash. Many investors and analysts say that as of March 31, Berkshire had $380.2 billion in cash, dragging down the stock price of the conglomerate headquartered in Omaha, Nebraska. The stock has fallen 13% from its peak in May 2025, while the tech-heavy S&P 500 index has risen 34% during the same period. Berkshire agreed on Monday to buy $10 billion worth of Alphabet, Google's parent company, through a private placement, as part of the company's $80 billion equity financing plan. This investment shows Berkshire's confidence in Alphabet's leadership in the field of artificial intelligence. The $6.8 billion acquisition of Taylor Morrison was announced on Sunday, with the company operating in 12 states across the United States.
Latest

