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GOOGL Soars as Alphabet Announces Massive $84B Capital Raise for AI Expansion

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The Story

News Summary

  • Alphabet is raising $84.75 billion through an upsized equity offering to aggressively scale its AI infrastructure.
  • With capital expenditures projected to reach up to $190 billion, the company is doubling down on compute capacity to support surging AI demand and its 350 million subscriber base.
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GOOGL price history

338.50 +6.53% over the displayed period

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