Alphabet to sell $80 billion in stock to fund AI buildout

Alphabet will sell $80 billion in stock to fund its AI infrastructure expansion, a move not taken in 20 years. The company plans to spend over $180 billion on capital expenditures this year, with projections of up to $1.5 trillion in bond issuance from AI firms in the coming years. Alphabet's stock fell 1.8% following the announcement.