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business / news / / Benzinga

Alphabet announced plans to raise $80 billion through equity offerings in order to help fund investments in AI compute infrastructure.

Alphabet announced plans to raise $80 billion through equity offerings for AI compute investments.

KEY POINTS
Alphabet stock is facing resistance. What’s driving GOOG stock lower? Alphabet Deepens Bet On AI With Berkshire Backing After the market close on Monday, Alphabet announced plans to raise $80 billion through equity offerings in order to help fund investments in AI compute infrastructure, citing “unprecedented customer demand.” The tech giant’s financing plans include a $30 billion concurrent underwritten public offering and a $40 billion at-the-market offering expected to begin in the third quarter, as well as a $10 billion private placement to Berkshire Hathaway. The $10 billion private placement to Berkshire includes $5 billion of Class A common stock at $351.81 per share and $5 billion of Class C stock at $348.20 per share. Berkshire Hathaway has been building a position in Alphabet since the third quarter of 2025. Alphabet said it plans to use the proceeds for capital expenditures related to scaling AI infrastructure and global compute. GOOG Shares Slip After The Close GOOG Price Action: Google shares were down 1.98% in after-hours, trading at $368.90 at the time of publication on Monday, according to Benzinga Pro. Image: Shutterstock.com
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