Alphabet Inc. shares fell 1.77% to $318.58 after the company upsized a massive bond offering to over $30 billion. The capital raise is designed to finance a record-breaking investment in artificial intelligence infrastructure for 2026.
- The offering features a rare 100-year "century bond" to help fund a projected capital expenditure budget between $175 billion and $185 billion.
- Analysts suggest the aggressive borrowing underscores a commitment to AI leadership, though the scale of new debt contributed to investor caution.
- Alphabet Inc. stock ended the session at $318.58 (-1.77%) during a volatile period for technology equities.