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Sponsored content from Brownstone Research
Dear Reader, Do you hold any of these AI stocks? 
Wall Street insider Jason Bodner — the man who called Nvidia at $4.50 — says today’s AI stocks are about to hit a wall. And a completely different group of AI firms… names Wall Street is starting to ignore… are about to take off. This has nothing to do with SpaceX… A new chatbot… Autonomous robots… Or anything you’re likely hearing about. It has to do with a brand-new “light-speed” device turning AI as we know it into “Accelerated AI”… Making it 100 times faster… And 100 times more energy efficient — right here, on Earth. Already, some of the biggest tech investors like Elon Musk, Mark Zuckerberg, Cathie Wood, and Bill Gates are moving money into it. Just to name a few… They’re all moving money to prepare for what’s coming. But you won’t hear anything about it in the mainstream news… In fact, TV pundits spent most of this past year talking about AI worries and its “existential risk” to jobs… Or arguing whether we’re in an AI bubble and when it would pop… That’s why most Americans won’t see it coming until it’s too late. Don’t be one of them… Because if you’re holding the wrong AI stocks when “Accelerated AI” goes mainstream… You could spend the next decade just trying to claw back to even… But if you make the one move Jason reveals in this urgent video message… The next 12 to 24 months could hand you bigger gains than the entire AI boom of the last three years. Click here to hear the full story and get ahead of the crowd. But hurry, because this opportunity won’t stay hidden much longer. We have so much to look forward to, Jeff Brown
Founder & CEO, Brownstone Research P.S. Jason also shares details on 10 popular AI stocks he says you must dump before this shift goes mainstream. Names sitting in millions of 401(k)s, IRAs, and brokerage accounts. Click here to see if yours made the list.
More Reading from MarketBeat
Berkshire Boosts Its Bet: This AI Hyperscaler Is Now a Top-3 HoldingReported by Leo Miller. Article Published: 8/25/2026. 
Key Points
- Berkshire Hathaway’s latest portfolio filing shows a roughly $299 billion equity portfolio following another quarter of notable buying and selling.
- Alphabet was the standout move, with Berkshire increasing its combined position by more than 80% and making it its third-largest reported holding.
- Berkshire also increased its exposure to homebuilders while exiting Constellation Brands and sharply reducing several financial, steel and consumer holdings.
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One of the world’s most closely watched investment firms, Berkshire Hathaway, is back in the news after releasing its latest round of portfolio updates. The company’s legendary longtime leader, Warren Buffett, stepped down as CEO at the end of 2025, with Greg Abel taking over on Jan. 1, 2026. Buffett remains Berkshire’s chairman, making this the second quarterly portfolio update since the leadership transition.
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Berkshire significantly reshaped its portfolio in Q1, drastically reducing its number of holdings and selling out of many positions. While the changes in Q2 were not nearly as dramatic, Berkshire clearly indicated where it sees opportunities in the market. Berkshire Doubles Down on AlphabetBerkshire’s most notable move in Q2 did not involve initiating a new position or exiting an existing holding. Instead, the firm added substantially to one of its biggest bets. During the quarter, Berkshire massively increased its position in Magnificent Seven member and AI hyperscaler Alphabet (NASDAQ: GOOGL). Combining Alphabet’s Class A and Class C shares, Berkshire now owns approximately 106 million shares of the company, compared with just under 58 million shares in Q1. That represents an 83% increase in just one quarter. At the end of Q2, Berkshire’s Alphabet position was worth a whopping $37.8 billion, accounting for 12.6% of its portfolio and making Alphabet its third-largest holding. This represents a significant rise from Q1, when Alphabet was Berkshire’s seventh-largest holding. Clearly, Berkshire has developed significant conviction in Alphabet, which remains the only major AI hyperscaler represented in its reported equity portfolio. There is certainly reason for optimism about Alphabet’s position in the AI race, particularly given the soaring growth of Google Cloud. Last quarter, cloud revenue increased 82% year over year, driven by strong demand for AI infrastructure and AI solutions. This growth far surpassed that of Microsoft’s (NASDAQ: MSFT) Azure and Amazon.com’s (NASDAQ: AMZN) AWS. These businesses grew by 43% year over year and 36.7% year over year, respectively. While this is a strong positive indicator for Alphabet’s AI future, not everything at the firm is going well. There is a general belief that the company’s Gemini model is falling behind ChatGPT and Claude. Notably, Alphabet has delayed the release of Gemini 3.5 Pro because of poor performance, heightening concerns. Berkshire Adds to Homebuilders, Cuts Key Names Across Finance, Steel and StaplesBerkshire also made a clear move in another key area of the stock market in Q2: homebuilders. The company significantly increased its position in Lennar (NYSE: LEN), one of the country’s top homebuilders. Berkshire increased its combined position in Lennar’s two share classes by just under 30%, bringing its total to 13.4 million shares. The position is now worth approximately $1.2 billion. Homebuilding giant D.R. Horton (NYSE: DHI) was also Berkshire’s only new holding during Q2, although the position is extremely small at just $580,000. The company also holds a $75.7 million position in homebuilder NVR (NYSE: NVR), although that position was unchanged during the quarter. These moves are notable considering that homebuilders have struggled significantly for some time. All three names are in the red over the past 52 weeks, with Lennar down more than 30%. Lennar’s revenue growth has been negative for five consecutive quarters, although its 5.2% revenue decline in Q2 was a significant improvement from the 13.3% decline in Q1. Additionally, the company’s orders came in near the high end of its guidance, a positive forward-looking indicator. Berkshire may believe Lennar is beginning to bottom out as some financial metrics improve. However, it is important to note that Berkshire is not making a bet large enough to substantially hurt its overall portfolio performance. Its Lennar position represents only around 0.4% of the company’s portfolio. On the other hand, Berkshire abandoned its position in Mexican beer giant Constellation Brands (NYSE: STZ). The firm sold out of the position in Q2 after reducing its share count by 95% in Q1. Constellation has failed to stage much of a recovery from its 2026 lows, with beer sales coming under significant pressure. Berkshire also made large cuts to its positions in major companies such as Capital One Financial (NYSE: COF), Nucor (NYSE: NUE) and Kroger (NYSE: KR). Its holdings in these companies fell by 58%, 52% and 22%, respectively. Berkshire’s Hyperscaler Bet Still Has Much to ProveAlphabet remains the biggest story among Berkshire’s recent portfolio moves, while its other top holdings are long-held positions. Looking ahead, growth in Google Cloud will be the biggest factor to watch, as much of the company’s AI-related revenue flows through the business. Cloud revenue was $24.8 billion last quarter, representing a run rate of just under $100 billion. That figure includes a significant amount of non-AI revenue. Meanwhile, the company expects to spend $200 billion on capital expenditures (CapEx) in 2026 at the midpoint. Thus, while Google Cloud is growing briskly, Alphabet still has a long way to go to justify its AI spending. Eventually, the company will need AI revenue to surpass its CapEx. |
