(Reuters) -Alphabet shares rallied nearly 6% to a record high on Monday after Berkshire Hathaway's new stake provided an endorsement of the tech giant's artificial intelligence efforts amid heightened worries over a looming bubble.
The purchase of 17.85 million Alphabet shares - worth about $4.93 billion as of close on Friday - is one of the final major investments by the conglomerate under Warren Buffett and marks a rare foray into the industry by tech-averse Berkshire.
