Alphabet Raises Stock Sale to $84.75 Billion for AI Investment

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According to Bloomberg, Alphabet raised its planned equity sale to $84.75 billion from the $80 billion announced two days earlier. The offering includes a $40 billion at-the-market program and a $10 billion share sale to Berkshire Hathaway. At this size, it becomes the largest equity sale on record, surpassing Petrobras' roughly $70 billion stock offering in 2010. Alphabet is increasing investment in its tensor processing units (TPUs) and data centers to support AI workloads as it raised 2026 capital expenditure guidance to $180 billion to $190 billion, with 2027 spending expected to increase significantly.
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