Alphabet Seeks $85 Billion in Equity Sales Amid Four-Week Stock Decline
Alphabet (GOOGL) is raising $85 billion through equity sales, a significant increase from its initial target. The stock has been on a four-week losing streak following briefly surpassing Nvidia by market cap last month. This move comes as Alphabet aims to fund AI infrastructure and compete with upcoming IPOs like Anthropic and OpenAI.
Topics: AI investment Alphabet equity raise market cap Nvidia