Buffett and Cathie Wood Agreed on One Stock—Here’s Why the Market Is Sleeping on It

(SeaPRwire) –

It’s not every day Warren Buffett and Cathie Wood line up on the same stock pick. Two investing titans with almost opposite playbooks just dropped big cash on Alphabet. Most folks peg Buffett for slow, steady value plays and Wood for high-growth tech bets. Their simultaneous Alphabet buys break a lot of old investor stereotypes. This single move signals a rare market inflection point for large-cap tech.
Let’s lay out the hard, unfiltered numbers first. Berkshire Hathaway picked up $10 billion in Alphabet stock on Monday, at a roughly 6% discount. This was one of the first big deals under new CEO Greg Abel. On June 3, ARK Invest bought 267,582 total Alphabet shares across multiple funds, including its Autonomous and Robotics Technology, Next Generation Internet, and Space and Defense Innovation funds. Its flagship ARKK ETF took 97,420 Class A and C shares, worth over $162 million, or 2.33% of its portfolio.

The dip that triggered both buys is easy to trace. Alphabet shares fell 4.6% over two trading sessions after announcing an $84.75 billion equity offering. The money will fund AI infrastructure and computing capacity. The stock is still up 113% over the past year, driven by Gemini and custom TPU chips. Wall Street rates Alphabet a Strong Buy with a $427.89 average target, implying 19% upside.
ARK’s other moves that day add more color to its strategy. It bought 30,273 Alibaba shares worth around $4 million. Alibaba shares were down 2.76% that Wednesday, and roughly 11% lower year-to-date. ARK also picked up 5,608 Meta Platforms shares, valued at about $3.35 million. Meta was up more than 4% that day but remains down 10% year-to-date, with a 32% upside potential per Wall Street.
The sell-side moves from ARK tell another piece of the story. It offloaded 74,838 AMD shares, which has surged more than 140% year-to-date on strong AI chip demand. ARK also reduced positions in Baidu and Teradyne, selling roughly $14.6 million and $18.3 million worth of shares respectively. Wall Street still rates AMD a Strong Buy, with an average price target of $477.33.
This dual buy signal will push more institutional capital toward large-cap AI stocks in the coming weeks.