Alphabet Breaks Two-Decade Funding Habit Amid AI Investment Surge
Alphabet (GOOGL) experienced a sharp decline of over 9% following reports that its Gemini 3.5 Pro AI model is delayed and the company broke two decades of self-funding by raising $80 billion through an equity offering to support its aggressive AI spending plans.
Tickers: $GOOGL
Topics: AI investment capex increase equity raise free cash flow decline