Berkshire's AI pivot is already marked to market: Greg Abel put $10B into Alphabet and $930M into Bending Spoons, and $GOOGL now trades below Berkshire's discounted purchase price. CFRA's Cathy Seifer

What happened: In his first year as Berkshire Hathaway CEO, Greg Abel invested in artificial intelligence, including $10 billion in Alphabet and $930 million in Bending Spoons SpA, departing from Warren Buffett's reservations about technology stocks. Key numbers: $10 billion to Alphabet; $930 million to Bending Why it matters: Alphabet shares now trade below the discounted price Berkshire paid, and Bending Spoons has fallen over the past three weeks, prompting analyst questions about timing. Analysts say Abel likely views the bets as long-term, citing Buffett's 2016 Apple investment.

In his first year as Berkshire Hathaway CEO, Greg Abel invested in artificial intelligence, including $10 billion in Alphabet and $930 million in Bending Spoons SpA, departing from Warren Buffett's reservations about technology stocks.

Alphabet shares now trade below the discounted price Berkshire paid, and Bending Spoons has fallen over the past three weeks, prompting analyst questions about timing. Analysts say Abel likely views the bets as long-term, citing Buffett's 2016 Apple investment.