Berkshire Hathaway stock edges lower as CEO Abel touts AI energy opportunity
Published on 09/02/2026 at 15:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Berkshire Hathaway stock (ISIN US0846707026) is trading slightly lower compared with the prior close, reflecting the broader weakness in US equities as of September 2, 2026, while investors focus on new comments from CEO Greg Abel about artificial intelligence and the group’s energy operations.
CEO Abel links AI buildout to Berkshire energy growth
According to a recent report by Reuters dated September 2, 2026, Berkshire Hathaway Chief Executive Greg Abel said in New York that he sees significant opportunities for the conglomerate’s energy business arising from the construction of AI data centers.
Abel’s remarks come after Berkshire made Alphabet the third-largest common stock holding in its equity portfolio, underlining how the Omaha-based group is tying together its utility assets and its technology investments.
Alphabet stake becomes a core Berkshire holding
Chinese financial portal Sina Finance reports on September 2, 2026 that Berkshire now holds about 106 million Alphabet Class A and Class C shares, with a current market value of approximately USD 36.6 billion.
In the same second-quarter filing context, Alphabet was the largest single addition to Berkshire’s stock portfolio, while positions in Delta Air Lines were increased by 44 percent with an additional investment of around USD 1.6 billion, giving investors a quantified view of how capital is being reallocated toward both technology and travel demand.
Key figures and background on Berkshire Hathaway
Further figures, news and regulatory information on Berkshire Hathaway are available in the issuer overview and on the company’s own corporate site.
How the stock has performed under Greg Abel
An analysis published on September 2, 2026 by The Motley Fool looks at how Berkshire Hathaway stock has fared since Abel took over as CEO.
The article calculates that USD 1,000 invested in Berkshire Hathaway when Abel assumed the top job would be worth about USD 1,005 today, implying a gain of 0.5 percent over that period and underscoring that the share price has been essentially flat despite the portfolio shifts toward Alphabet and other holdings.
Representative Berkshire product: energy and utilities
Berkshire Hathaway’s energy subsidiary, Berkshire Hathaway Energy, is a core example of how the group’s businesses can benefit from the AI-driven demand for power that Abel highlighted. The company operates large regulated utilities and renewable energy projects in the United States, providing electricity and gas to millions of customers.
Stock price in a volatile market
Market data compiled by major financial portals show that Berkshire Hathaway’s Class B shares (ticker BRK-B) are trading on the New York Stock Exchange in USD and have moved broadly in line with the wider US equity indices as of September 2, 2026, with the price currently modestly below recent highs after the latest pullback in Wall Street benchmarks.
Berkshire Hathaway at a glance
- Company: Berkshire Hathaway Inc.
- ISIN: US0846707026
- Ticker: BRK-B
- Trading venue: NYSE
- Sector / Industry: Insurance, investments, energy, transportation
- Index membership: S&P 500
