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Barchart
Barchart
Sristi Suman Jayaswal

Google Stock Fell on CapEx Plans. Don’t Miss the Silver Lining in Berkshire Hathaway’s Big Bet.

Alphabet Berkshire Berkshire Hathaway Google Google Cloud Greg Abel Search Wiz

The artificial intelligence (AI) boom is turning into one of the most expensive technology buildouts Wall Street has ever seen. From giant data centers packed with advanced chips to the massive computing power needed to train and run AI models, tech companies are pouring tens of billions of dollars into infrastructure. And if recent signals are any indication, that spending spree is far from over.

That reality came into sharper focus this week when Alphabet (GOOG) (GOOGL) found itself under pressure after unveiling for its financing plans to help fund its AI ambitions. The Google parent aims to raise about $84.75 billion. In a filing dated June ⁠2, Alphabet announced plans to raise $18 billion through the sale of Class A and ​C shares and $16.75 ‌billion from depositary shares, along with a $40 billion at-the-market (ATM) program that will allow the company to gradually sell shares beginning in Q3.

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