Google parent company Alphabet (GOOGL) plans to raise $80 billion U.S. from stock sales to fund its artificial intelligence (A.I.) buildout.
The company said in a written statement that the capital will “fund investments in its world-class AI compute infrastructure to meet its unprecedented customer demand.”
Alphabet is ramping up its spending on A.I. as it competes against other technology giants in the space. The company currently plans to spend $180 billion U.S. to $190 billion U.S. this year.
Alphabet, Microsoft (MSFT), Meta Platforms (META), and Amazon (AMZN) are expected to spend a combined $700 billion U.S. on A.I. this year.
Wall Street is forecasting that total A.I. capital expenditures will surpass $1 trillion U.S. in 2027.
To help it raise the needed money, Alphabet held a global bond issuance in excess of $30 billion U.S. in February of this year.
Investment banks Goldman Sachs (GS) and Morgan Stanley (MS) are acting as joint book-runners on Alphabet’s new stock sale.
GOOGL stock has more than doubled over the last year, outperforming other mega-cap technology stocks. So far in 2026, the company’s share price has risen 19% to $376.37 U.S.
