{"id":2390,"date":"2025-11-27T13:36:37","date_gmt":"2025-11-27T13:36:37","guid":{"rendered":"https:\/\/www.iforbes.cz\/?p=2390"},"modified":"2025-11-27T13:48:25","modified_gmt":"2025-11-27T13:48:25","slug":"buffettova-berkshire-hathaway-koupila-tohoto-technologickeho-giganta-proc","status":"publish","type":"post","link":"https:\/\/www.iforbes.cz\/index.php\/2025\/11\/27\/buffettova-berkshire-hathaway-koupila-tohoto-technologickeho-giganta-proc\/","title":{"rendered":"Buffettova Berkshire Hathaway koupila tohoto technologick\u00e9ho giganta. Pro\u010d?"},"content":{"rendered":"\n<p><strong>Investo\u0159i si v posledn\u00edch letech zvykli na to, \u017ee Warren Buffett, legend\u00e1rn\u00ed gener\u00e1ln\u00ed \u0159editel spole\u010dnosti Berkshire Hathaway, nerealizuje \u017e\u00e1dn\u00e9 velk\u00e9 investi\u010dn\u00ed transakce, p\u0159i\u010dem\u017e kapit\u00e1l sp\u00ed\u0161e akumuluje. O to v\u011bt\u0161\u00ed p\u0159ekvapen\u00ed vyvolala ned\u00e1vn\u00e1 ofici\u00e1ln\u00ed zpr\u00e1va spole\u010dnosti. Berkshire Hathaway, ikonick\u00e1 holdingov\u00e1 spole\u010dnost, toti\u017eto vybudovala v\u00fdznamn\u00fd pod\u00edl v technologick\u00e9m gigantu Alphabet, mate\u0159sk\u00e9 spole\u010dnosti Googlu.<\/strong><\/p>\n\n\n\n<p><strong>Podstata a rozsah investice<\/strong><\/p>\n\n\n\n<p>Celkov\u00e1 hodnota investice Berkshire Hathaway ve spole\u010dnosti Alphabet dos\u00e1hla ke konci t\u0159et\u00edho kvart\u00e1lu p\u0159ibli\u017en\u011b 4,3 miliardy USD \u2013 v portfoliu konglomer\u00e1tu se okam\u017eit\u011b stala 10. nejv\u011bt\u0161\u00edm akciov\u00fdm pod\u00edlem. Jak jsme to nazna\u010dili ji\u017e v \u00favodu, spole\u010dnost Berkshire Hathaway v posledn\u00ed dob\u011b nevyv\u00edj\u00ed \u017e\u00e1dnou z\u00e1sadn\u00ed investi\u010dn\u00ed aktivitu, a tak je n\u00e1kup pr\u00e1v\u011b tohoto technologick\u00e9ho titulu v\u00fdznamn\u00fdm krokem. Historicky z\u00e1rove\u0148 jde o prvn\u00ed n\u00e1kup Alphabetu.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" width=\"605\" height=\"419\" src=\"https:\/\/www.iforbes.cz\/wp-content\/uploads\/2025\/11\/image.png\" alt=\"Obsah obr\u00e1zku text, \u0159ada\/pruh, Vykreslen\u00fd graf, diagram\n\nObsah generovan\u00fd pomoc\u00ed AI m\u016f\u017ee b\u00fdt nespr\u00e1vn\u00fd.\" class=\"wp-image-2391\" srcset=\"https:\/\/www.iforbes.cz\/wp-content\/uploads\/2025\/11\/image.png 605w, https:\/\/www.iforbes.cz\/wp-content\/uploads\/2025\/11\/image-300x208.png 300w, https:\/\/www.iforbes.cz\/wp-content\/uploads\/2025\/11\/image-392x272.png 392w, https:\/\/www.iforbes.cz\/wp-content\/uploads\/2025\/11\/image-130x90.png 130w, https:\/\/www.iforbes.cz\/wp-content\/uploads\/2025\/11\/image-600x417.png 600w\" sizes=\"(max-width: 605px) 100vw, 605px\" \/><figcaption>V\u00fdkonnost ceny akci\u00ed spole\u010dnosti Alphabet za posledn\u00edch p\u011bt let. Zdroj: TradingEconomics<\/figcaption><\/figure><\/div>\n\n\n\n<p><strong>Reakce ceny akci\u00ed<\/strong><\/p>\n\n\n\n<p>Trh na odhalen\u00ed tohoto pod\u00edlu zareagoval velmi pozitivn\u011b \u2013 v pond\u011bl\u00ed cena akci\u00ed Alphabetu vzrostla o 3 %, p\u0159i\u010dem\u017e za cel\u00fd rok si ji\u017e k tomuto datu p\u0159ipisala v\u00edce ne\u017e 50 %.* Pro investory je kl\u00ed\u010dov\u00e9, \u017ee tento siln\u00fd v\u00fdkon je sou\u010dasn\u011b podlo\u017een p\u0159edev\u0161\u00edm robustn\u00edmi finan\u010dn\u00edmi v\u00fdsledky. Alphabet za t\u0159et\u00ed kvart\u00e1l dos\u00e1hl sv\u00e9 prvn\u00ed tr\u017eby ve v\u00fd\u0161i v\u00edce ne\u017e 100 miliard USD. Tento miln\u00edk byl poh\u00e1n\u011bn zejm\u00e9na r\u016fstem cloudov\u00e9 divize, a tak\u00e9 stabiln\u00ed n\u00e1vratnost\u00ed z kapit\u00e1lov\u00fdch investic do um\u011bl\u00e9 inteligence (AI).<\/p>\n\n\n\n<p>V neposledn\u00ed \u0159ad\u011b, z hlediska ocen\u011bn\u00ed se Alphabet aktu\u00e1ln\u011b obchoduje za p\u0159ibli\u017en\u011b 26-n\u00e1sobek o\u010dek\u00e1van\u00fdch budouc\u00edch zisk\u016f. Sice jde o pr\u00e9miov\u00e9 ocen\u011bn\u00ed, v porovn\u00e1n\u00ed s ostatn\u00edmi technologick\u00fdmi l\u00eddry, Microsoft (32), Broadcom (51), nebo Nvidia (42), je podstatn\u011b m\u00edrn\u011bj\u0161\u00ed, co\u017e nazna\u010duje zna\u010dn\u00fd potenci\u00e1l.[1] V souvislosti s t\u00edm, p\u0159ed 8 lety Buffett ve\u0159ejn\u011b vyj\u00e1d\u0159il l\u00edtost, \u017ee akcie Google nekoupil u\u017e d\u0159\u00edve, a to v dob\u011b, kdy jeho dce\u0159in\u00e1 poji\u0161\u0165ovna Geico platila Googlu vysok\u00e9 poplatky za reklamu v jeho s\u00edti. Cloudov\u00e1 divize nav\u00edc disponuje 155 miliardami USD v nespln\u011bn\u00fdch zak\u00e1zk\u00e1ch (backlog) a neust\u00e1le aktualizuje \u0159adu sv\u00fdch \u010dip\u016f, co\u017e ji jasn\u011b odli\u0161uje od mnoha jin\u00fdch hr\u00e1\u010d\u016f v oblasti AI.<\/p>\n\n\n\n<p><strong>Person\u00e1ln\u00ed souvislosti<\/strong><\/p>\n\n\n\n<p>Zat\u00edmco investi\u010dn\u00ed rozhodnut\u00ed v Berkshire Hathaway aktu\u00e1ln\u011b p\u0159ech\u00e1zej\u00ed pod dohled Buffetta, je d\u016fle\u017eit\u00e9 si uv\u011bdomit i nadch\u00e1zej\u00edc\u00ed zm\u011bny. Warren Buffett (95) odstoup\u00ed na konci roku z funkce gener\u00e1ln\u00edho \u0159editele, p\u0159i\u010dem\u017e na t\u00e9to funkci ho nahrad\u00ed dlouholet\u00fd z\u00e1stupce Greg Abel. Tato investice do Alphabetu by tak mohla b\u00fdt posledn\u00ed velkou technologickou ambic\u00ed z \u00e9ry p\u0159\u00edmo pod Buffettov\u00fdm veden\u00edm nebo p\u0159edb\u011b\u017en\u00fdm sign\u00e1lem sm\u011brov\u00e1n\u00ed nov\u00e9ho veden\u00ed.<\/p>\n\n\n\n<p><strong>Anna \u0160uhajdov\u00e1, p\u0159edsedkyn\u011b p\u0159edstavenstva <\/strong><a href=\"https:\/\/www.capitalmarkets.sk\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>CAPITAL MARKETS, o.c.p., a.s.<\/strong><\/a><\/p>\n\n\n\n<p><em>Foto: AdobeStock<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investo\u0159i si v posledn\u00edch letech zvykli na to, \u017ee Warren Buffett, legend\u00e1rn\u00ed gener\u00e1ln\u00ed \u0159editel spole\u010dnosti Berkshire Hathaway, nerealizuje \u017e\u00e1dn\u00e9 velk\u00e9<\/p>\n","protected":false},"author":1,"featured_media":2392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout"},"categories":[58],"tags":[350,357,519,335,190,518],"_links":{"self":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2390"}],"collection":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/comments?post=2390"}],"version-history":[{"count":1,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2390\/revisions"}],"predecessor-version":[{"id":2393,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2390\/revisions\/2393"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/media\/2392"}],"wp:attachment":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/media?parent=2390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/categories?post=2390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/tags?post=2390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}