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Berkshire CEO Greg Abel sees AI data center growth

Berkshire Hathaway CEO Greg Abel said AI data center expansion offers major opportunities for the conglomerate. Abel also noted that consumers face pressure from elevated inflation and mortgage rates.

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President and CEO of Berkshire Hathaway Greg Abel attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., July 8, 2026. REUTERS/Brendan McDermid

BERKSHIRE HATHAWAY INC-CL B CEO Greg Abel authorized a $10B investment in ALPHABET INC-CL A during Wednesday morning trading, banking on data center expansion. The move elevates Alphabet to Berkshire's third-largest equity holding at $37.8B. The infrastructure buildout highlights rising energy demand across the United States.
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