Alphabet's Bond Sale Surpasses $30 Billion Amid AI Infrastructure Boom
Alphabet, the parent company of Google, is expanding its bond sale and has already raised over $30 billion in debt. The latest raise of $11 billion was made on Tuesday in the European market in sterling and Swiss francs.
This move comes as tech giants are pouring record amounts into artificial intelligence infrastructure, with Alphabet planning to spend up to $185 billion in capital expenditures in 2026. Other companies like Amazon, Meta Platforms, and Microsoft have also announced massive capex allocations this year.
Investors are showing increasing demand for issuances from tech giants at the center of the AI boom, according to a source cited by CNBC. This is evident as Oracle Corp. recently raised $25 billion in debt sales that received over $129 billion worth of orders.