Trung Phan#400
Berkshire investing in Google is also a play to get upside for a service it provides the AI giant.
During Berkshire’s AGM, Greg Abel talked about how Berkshire Hathaway Energy (BHE) had already been pursuing data centre opportunity for years.
▫️15% of all natural gas in US flows through BHE pipes ▫️that gas and utilities already powering hyperscaler cloud ▫️some of Berkshire’s largest utilities see 8-10% of peak load going to data centres ▫️Berkshire has managed hysperscalers to ensure they cover all costs and electricity rates for large BHE utilities are 45% below national average
Berkshire Hathaway has done 3 major Google buys:
> Q3 2025: $5B > Q1 2026: $11B > June 2026: $10B private placement
The $26B Google investment is ~$32B after gains (3rd top equity holding after Apple and Amex). Google bet getting close to $36B Apple bet Buffett did in 2016.