The shares of Alphabet Inc (NASDAQ: GOOGL) are trading up 5.1% at $290.37 at last check, moving higher after Warren Buffett's Berkshire Hathaway (BRK.A) said it bought 17.85 million shares -- valued at $4.93 billion -- from the Google parent during the third quarter. The investment comes in the wake of the recent AI valuation concerns, suggesting cautious optimism toward the sector.
The ascending 20-day moving average captured last week's pullback below $275, a level which also happens to be the site of recent support for the shares. Alphabet stock has added 50% in 2025, markedly off its April 7 annual low of $140.53, earlier tapping a fresh record of $293.95.
Options are also looking affordable, should investors look to joining Buffett with new bets. This is per the stock's Schaeffer's Volatility Index (SVI) of 32%, which sits in the 23rd percentile of annual readings. GOOGL has tended to outperform expectations over the past year, too, per its Schaeffer’s Volatility Scorecard (SVS) of 79 out of 100.
