This gets interesting. Just as 13F is revealed, Berkshire has increased its Google position by 83%. By quarter-end, its value reached $37.7 billion—effectively buying it into the company’s third-largest holding. On the other side, 26 large funds are selling, and even Duan Yongping is cutting back. With the same GOOGL, the money flows in completely opposite directions.
The key isn’t who’s right or who’s wrong—it’s that the AI arms race has moved into the second half. On one hand, Google is issuing debt to raise money, then pouring it into TPU and cloud spending. It’s also reportedly been in talks with AMD about the next generation of chip design. Berkshire’s money looks more like a bet on the long-term value of AI infrastructure. But Chinese hedge funds are pulling out of AI trades, believing valuations are too crowded.
Now the question is: When Buffett starts buying Google, and the smart money is on the move, who do you trust? Or maybe both sides are right—just operating on different time horizons?
The key isn’t who’s right or who’s wrong—it’s that the AI arms race has moved into the second half. On one hand, Google is issuing debt to raise money, then pouring it into TPU and cloud spending. It’s also reportedly been in talks with AMD about the next generation of chip design. Berkshire’s money looks more like a bet on the long-term value of AI infrastructure. But Chinese hedge funds are pulling out of AI trades, believing valuations are too crowded.
Now the question is: When Buffett starts buying Google, and the smart money is on the move, who do you trust? Or maybe both sides are right—just operating on different time horizons?