{"id":225505,"date":"2026-06-03T16:03:00","date_gmt":"2026-06-03T20:03:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/06\/03\/warren-buffetts-successor-greg-abel-just-plowed-10-billion-into-this-magnificent-artificial-intelligence-ai-stock\/"},"modified":"2026-06-03T16:40:19","modified_gmt":"2026-06-03T20:40:19","slug":"warren-buffetts-successor-greg-abel-just-plowed-10-billion-into-this-magnificent-artificial-intelligence-ai-stock","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/06\/03\/warren-buffetts-successor-greg-abel-just-plowed-10-billion-into-this-magnificent-artificial-intelligence-ai-stock\/","title":{"rendered":"Warren Buffett&#8217;s Successor, Greg Abel, Just Plowed $10 Billion into this Magnificent Artificial Intelligence (AI) Stock"},"content":{"rendered":"<p><a href=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/stocks\/INTC\/pressreleases\/2289890\/warren-buffetts-successor-greg-abel-just-plowed-10-billion-into-this-magnificent-artificial-intelligence-ai-stock\/\">Warren Buffett&#8217;s Successor, Greg Abel, Just Plowed $10 Billion into this Magnificent Artificial Intelligence (AI) Stock<\/a><\/p>\n<p><a href=\"https:\/\/www.theglobeandmail.com\/investing\/markets\/stocks\/INTC\/pressreleases\/2289890\/warren-buffetts-successor-greg-abel-just-plowed-10-billion-into-this-magnificent-artificial-intelligence-ai-stock\/\">https:\/\/www.theglobeandmail.com\/investing\/markets\/stocks\/INTC\/pressreleases\/2289890\/warren-buffetts-successor-greg-abel-just-plowed-10-billion-into-this-magnificent-artificial-intelligence-ai-stock\/<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-06-03 16:03:00<\/a><\/p>\n<p>Source Domain: <a href=\"www.theglobeandmail.com\">www.theglobeandmail.com<\/a><\/p>\n<ul>\n<li><strong>Greg Abel&#8217;s bold investment:<\/strong> Greg Abel, CEO of Berkshire Hathaway, made his third purchase of Alphabet stock within a year, acquiring $30 billion worth of the company&#8217;s holdings, making Alphabet one of Berkshire&#8217;s largest investments.<\/li>\n<li><strong>Funding AI expansion:<\/strong> The recent $10 billion stock purchase as part of an $80 billion stock sale by Alphabet aims to fund the build-out of its artificial intelligence infrastructure, including data centers and chips to meet AI demands.<\/li>\n<li><strong>Strong performance and growth:<\/strong> Alphabet has demonstrated robust performance with significant growth in its cloud computing division, Google Cloud. Google Cloud&#8217;s first-quarter revenue increased by 63% year over year, and its backlog nearly doubled to $462 billion, signaling strong future revenue.<\/li>\n<li><strong>Strategic advantage:<\/strong> The company remains strong in internet advertising, with a 19% increase in revenue from Google Search in Q1, and continues to leverage AI effectively to maintain its market leadership.<\/li>\n<li><strong>Mixed investment advice:<\/strong> While Alphabet\u2019s stock is performing well, with The Motley Fool Stock Advisor analysts not recommending it among the top 10 stocks to buy, the company&#8217;s future potential indicates significant growth.<\/li>\n<\/ul>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Warren Buffett&#8217;s Successor, Greg Abel, Just Plowed $10 Billion into this Magnificent Artificial Intelligence (AI)&#8230;<\/p>\n","protected":false},"author":1,"featured_media":225506,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/barchart-news-media-prod.aws.barchart.com\/FC\/0891f8357c1e324f7eabd677ff01ea5c\/%3Furl%3Dhttps%253a%252f%252fcdn.content.foolcdn.com%252fimages%252f1umn9qeh%252fproduction%252f4718462497c310457e987a399107276b719ce95d-2000x1200.jpg%253fw%253d2000%2526h%253d1200%2526q%253d75%2526auto%253dformat%26amp%3Bw%3D700","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[20],"class_list":["post-225505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","tag-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/225505"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=225505"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/225505\/revisions"}],"predecessor-version":[{"id":225508,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/225505\/revisions\/225508"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/225506"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=225505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=225505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=225505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}