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Alphabet needs more cash to fund its AI ambitions. Investors' enthusiasm for Alphabet's artificial intelligence initiatives has propelled its stock price to more than double over
Alphabet's planned $80 billion stock sale puts a new price tag on the AI race as Google's cash machine taps Wall Street to keep up.
Broader developments in the field of artificial intelligence (AI) gave the semiconductor and data center specialist a boost.
The Alphabet deal will be the largest mandatory convertible offering ever.
June 3 (Reuters) - Alphabet has increased the size of its equity offerings to $84.75 billion, in a sign of strong investor appetite for big tech companies as they expand their AI infrastructure and computing power.
If you bought Alphabet (NASDAQ:GOOGL | GOOGL Price Prediction) 15 years ago and never touched it, you would be sitting on one of the cleaner compounding stories in mega-cap tech. The company you bought in 2011 was an ad-revenue machine bolted to a dominant search engine.