Alphabet Announces $84.75 Billion Capital Raise to Fund AI Expansion
Alphabet (GOOG, GOOGL) announced plans to raise $84.75 billion through equity offerings and an at-the-market program to fund its capital expenditures for artificial intelligence development. The move caused a decline in Alphabet's stock as investors reacted to concerns over dilution and the scale of spending.
Topics: AI Capital Expenditure (CapEx) Equity Raise Stock Performance