Alphabet issued $15 billion in bonds on February 9, 2026. The company is raising capital to accelerate its investment in artificial intelligence infrastructure. This issuance has intensified broader concerns regarding rising capital expenditure across the technology sector.
Alphabet previously announced 2026 capital expenditure guidance between $175 billion and $185 billion on February 6. This forecast significantly exceeded the $116.5 billion average estimate provided by analysts. Alphabet shares fell 2.53% immediately following the release of these spending targets.
GOOGL stock declined an additional 1.89% to close at $318.19 on February 10. Investor anxiety regarding rising debt levels continues to weigh on market sentiment despite strong earnings performance. Jim Cramer characterized the recent volatility as a breather following the stock's growth throughout 2025.