US Stock Market Movement: $80 billion financing plan shocks the market, Google A drops over 4% to hit a new one-month low
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Glonghui June 2|Google A shares fell over 4%, reaching a low of $359.7, marking the lowest point in more than a month. In terms of news, Google parent company Alphabet announced plans to raise up to $80 billion through equity financing to support its large-scale AI infrastructure investments. The financing consists of three parts: a $30 billion parallel underwritten public offering, a $40 billion at-the-market issuance, and a $10 billion private placement from Berkshire Hathaway. Alphabet stated that AI is bringing the company “an expansionary moment,” and this financing will help “support major future growth opportunities.” The company reaffirmed that its capital expenditure plan for this year is as high as $190 billion and expects this figure to “increase significantly” in 2027, while its operating cash flow totaled $174 billion over the past year.
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