Warren Buffett Says Alphabet (GOOGL) Can Beat 95% of Wall Street Stock Picks

Warren Buffett told CNBC's Squawk Box that Alphabet is more likely to outperform 90-95% of Wall Street's stock picks, calling it a rare endorsement for the tech giant. Berkshire's Alphabet stake now exceeds $31 billion, with Buffett confirming he personally initiated the bet rather than successor Greg Abel, though Abel has final approval on moves.

Why it matters: Alphabet jumped 3.65% to $370.36 on the comments, backed by Q1 revenue of $110 billion (up 22%) and $174 billion in annual operating cash flow, though Buffett warned of $180-190 billion in AI capex and admitted skipping Google early on was a mistake.