Alphabet Announces $80 Billion Equity Raise to Fund AI Infrastructure Amid Share Buyback Reversal
Alphabet (GOOGL) announced an $80 billion equity raise to fund its artificial intelligence infrastructure, reversing years of aggressive share buybacks. The move caused Google stock to fall as investors reacted negatively to the dilution and shift in strategy.
Tickers: $GOOGL
Topics: AI infrastructure capital expenditures Google stock performance share buybacks reversal