(Reuters) -Alphabet’s shares rose 5.5% in premarket trading on Monday after Berkshire Hathaway disclosed a stake in the tech giant, marking what could be one of the final major moves by the conglomerate under the leadership of Warren Buffett.

A filing on Friday showed that Berkshire owned 17.85 million shares in Google’s parent as of September 30. As of the stock’s last close, the stake would be worth $4.93 billion, according to Reuters’ calculations.

Berkshire’s move comes amid growing concerns over Big Tech’s heavy AI spending that intensified after Michael Burry, known for “The Big Short”, deregistered his hedge fund last week following his recent criticism of leading AI companies.

Buffett is ending his 60-year run as chief executive officer of Berkshire Hathaway at the end of 2025.

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