Berkshire Hathaway vs Brookfield

Berkshire CEO Abel outlines AI opportunities: energy and Alphabet stake

Berkshire Hathaway CEO Greg Abel discussed the company's two primary AI investment avenues in a CNBC interview. The first involves supplying energy to AI data centers through Berkshire Hathaway Energy, which he sees as a significant opportunity, contingent on no negative impact on existing customers' rates and community acceptance. The second is Berkshire's nearly $36 billion stake in Alphabet, with a recent $10 billion purchase from the company at a 6.5% discount, part of Alphabet's $80 billion equity raise to fund AI infrastructure. Abel also touched on Japanese investments, the trading house stakes, and the Taylor Morrison acquisition, providing a broad view of Berkshire's strategic positioning in AI and other sectors.

• Berkshire Hathaway CEO Greg Abel sees energy supply to AI data centers as a 'significant opportunity' for Berkshire and Berkshire Hathaway Energy.
• Berkshire's investment in Alphabet is now almost $36 billion.
• Berkshire purchased $10 billion of Alphabet stock directly from the company in late May at a 6.5% discount.

Berkshire CEO Abel Cites Growing Data Center Pushback

Berkshire Hathaway CEO Greg Abel told CNBC that U.S. communities are showing significantly more resistance to data center construction. Abel stated that Berkshire's interest in providing power and electricity for these sites is conditional on not raising rates for its other customers. His comments highlight growing organized political opposition to large computing projects that strain local power and water resources. New York State has enacted a moratorium on data center construction, and other states have pending restrictions of varying intensity. Mizuho analysts noted that investors view data centers as a potential issue in the upcoming midterm elections, citing concerns about resource consumption and limited long-term job creation. The U.S. currently has approximately 4,700 data centers, a number that continues to grow.

• Berkshire Hathaway CEO Greg Abel said there is 'a lot more pushback' on data center construction across U.S. communities.
• Berkshire's interest in data center power generation is conditional on not raising rates for other customers.
• New York State has enacted a moratorium on data center construction.

Meta Back in Court; Berkshire Adds to Alphabet Stake

CNBC’s Morning Squawk reports that Berkshire Hathaway added $17 billion to its Alphabet stake in Q2 per regulatory filings, while Meta faces opening arguments tomorrow in a multi-state case co-led by California Attorney General Rob Bonta. The newsletter also notes Nvidia disclosed a roughly $21 billion valuation for its SpaceX stake, Lamborghini launched a limited-edition Revuelto SV (1,963 units, starting at $741,172), and European champagne producers are confronting earlier, higher-sugar harvests driven by hotter summers alongside falling demand and tariffs. The piece is a daily roundup linking financial filings, legal developments affecting major platforms, and assorted business stories investors should watch.

• Berkshire Hathaway added $17 billion to its Alphabet stake in the second quarter, according to a regulatory filing.
• Opening arguments begin tomorrow in a case against Meta being co-led by California Attorney General Rob Bonta; 29 state attorneys general are part of the unified case.
• Nvidia disclosed that its SpaceX stake was worth around $21 billion at the end of the second quarter.

Brookfield Selected by Nuclear Liabilities Fund for Multi-Decade Investment Mandate

Brookfield has been selected by the Nuclear Liabilities Fund for a multi-decade investment mandate, as announced in a press release. Additionally, Brookfield announced its intention to redeem its Class A Preference Shares, Series 51 and 52, and Brookfield Renewable issued C$750 million of green bonds.

Brookfield Asset Management Announces Record Second Quarter Results; Brookfield Completes Acquisition of Oaktree

The press releases page now features several new announcements including Brookfield Asset Management's record Q2 results, completion of Oaktree acquisition, Brookfield Renewable's strong Q2 results, and a new multi-decade investment mandate with Nuclear Liabilities Fund.