Alphabet Stock Up 97% Since Buffett Bet, $460B Cloud Backlog Drives Gains
Alphabet’s stock has surged 97% since Berkshire Hathaway’s Q3 2025 investment, propelled by accelerating revenue growth from 18% to 22% and 63% year-over-year Google Cloud expansion. A $460 billion cloud backlog signals robust enterprise demand despite a 28.2x forward earnings valuation premium.
1. Stock Performance
Alphabet shares have climbed 97% since Berkshire Hathaway disclosed its Q3 2025 stake, marking one of the strongest rallies among FAANG stocks over the past eight months. This outsized move reflects renewed investor confidence in the company’s AI initiatives and core advertising business.
2. Revenue and Cloud Growth
Quarterly revenues accelerated from 18% to 22% year-over-year, driven by a 63% increase in Google Cloud sales as enterprises scale AI workloads. This momentum underscores Alphabet’s ability to capture market share in the fast-growing cloud infrastructure sector.
3. Backlog and Valuation
The company holds a $460 billion cloud services backlog, indicating sustained demand from hyperscalers and large enterprises. Despite trading at a 28.2x forward earnings multiple, many analysts argue the premium is warranted given Alphabet’s long-term AI and cloud growth prospects.