Alphabet Inc. agreed to acquire Intersect Power for $4.75 billion (plus assumed debt), a strategic investment to secure reliable electricity and expand data center capacity for its AI initiatives. This significant infrastructure deal, announced around December 22, 2025, is expected to close in the first half of 2026. The acquisition follows Alphabet's strong 2025 performance, with its stock surging 60-66% year-to-date, fueled by AI monetization and a record $102.3 billion Q3 2025 revenue. The company continues to navigate high capital expenditures and ongoing antitrust scrutiny of its ad-tech business.