[Buffett's Successor Suffers a Setback in First Battle, Google Holdings Suffer $3 Billion Loss] BlockBeats reports that on November 6th, following Warren Buffett's resignation as CEO, Berkshire Hathaway attempted to expand its investments in artificial intelligence (AI). However, the technology investment strategy spearheaded by new CEO Greg Abel quickly encountered the test of market adjustments. With Alphabet's stock price declining, the unrealized loss on Berkshire Hathaway's holdings is estimated at approximately $3 billion. In June, Berkshire invested approximately $10 billion in Alphabet's financing round, purchasing shares at approximately $350 per share. Buffett previously stated that the decision to purchase Alphabet stock was his. The report cites foreign media estimates that as of the end of June, Berkshire held approximately 106 million Alphabet shares, including both voting and non-voting shares. Alphabet's stock price has fallen more than 24% since June, dropping below its previous discounted subscription price. Its third-quarter results missed market expectations, and massive AI capital expenditures turned free cash flow negative, further eroding investor confidence. Meanwhile, Berkshire Hathaway has invested a total of $930 million in Italian tech company Bending Spoons. The company's stock initially rose after Berkshire's additional investment but subsequently declined for several weeks. CFRA Research analyst Cathy Seifert believes that Berkshire's increased exposure to tech stocks may be a conscious long-term adjustment, but the market needs to consider whether these investments are too late. Keefe, Bruyette & Woods analyst Meyer Shields points out that Abel may view AI-related investments as long-term positioning rather than attempting to influence market sentiment through short-term trading, which is not contradictory to Berkshire's traditional value investing philosophy. In contrast to the pressure on its tech holdings, Berkshire Hathaway Class A shares rose to a record high of approximately $875,000 on Thursday, up about 16% over the past month. As of the end of the second quarter, the company held approximately $365.5 billion in cash and related liquid assets, maintaining its ability to expand investments should asset prices decline. Berkshire Hathaway plans to release its third-quarter results on November 7, with the market focusing on the performance of its insurance, railroad, and consumer businesses, as well as changes in cash reserves and share buybacks.