Feb. 10 at 8:25 PM
Alphabet expanded its global bond sale beyond
$30 billion after strong investor demand, significantly above the initial
$20 billion target. The company also raised roughly
$11 billion in European markets through sterling and Swiss franc bonds, highlighting investors’ appetite for high-quality debt from leading AI-driven tech firms.
The financing supports Alphabet’s aggressive push into artificial intelligence, with up to
$185 billion in capital expenditures planned for this year—more than double its 2025 spending. Along with other hyperscalers, Alphabet is investing heavily in data centers, advanced chips, and networking infrastructure, a trend expected to weigh on free cash flow across the sector. As a result, more large tech companies are increasingly turning to the debt markets to fund expansion while aiming to preserve strong balance sheets.
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