Google’s $100 billion-plus capital expenditure that is making many analysts worried is what has made world’s biggest investor Warren Buffet invest $31 billion in the company as he says: They don’t have any …
World’s biggest investor Warren Buffet, has been known for avoiding technology stocks, has revealed that he personally initiated Berkshire Hathaway’s $31 billion investment in Google, marking a rare pivot into Silicon Valley. Speaking in an interview to CNBC, Buffet said Google’s massive capital expenditure on AI infrastructure finally convinced him to buy in. “The real question with Google and all of its competitors now, because they’re all laying out hundreds of billions, and… that’s real money,” he noted.
Buffet explained that Google’s spending spree which is more than $100 billion annually on data centers and chips resembles the capital-intensive businesses he has owned for decades, such as railroads and utilities.
