Alphabet doubles AI spending to $185B, sells $20B bonds and rare 100-year notes to fund buildout
43 Sources
[1]
Alphabet selling very rare 100-year bonds to help fund AI investment
Alphabet has lined up banks to sell a rare 100-year bond, stepping up a borrowing spree by Big Tech companies racing to fund their vast investments in AI this year. The so-called century bond will form part of a debut sterling issuance this week by Google's parent company, said people familiar
[2]
TSMC Revenue Jumps 37% in January While AI Spending Marches On
Taiwan Semiconductor Manufacturing Co.'s January sales grew at their fastest clip in months, a sign of sustained global AI spending even as concerns persist about an industry bubble. The contract chipmaker for Nvidia Corp. reported a 37% rise in January revenue to NT$401.3 billion ($12.7 billion),
[3]
Google looks to plow approx $180B into datacenters this year
With revenue topping $400B for the first time, the Chocolate Factory is at no risk of putting itself in the poor house Google's parent Alphabet is doubling down on generative AI in 2026. On Wednesday's earnings call, the search and advertising giant boosted its full-year capital expenditures
[4]
Alphabet sells bonds worth $20 billion to fund AI spending
Feb 10 (Reuters) - Alphabet (GOOGL.O), opens new tab said it sold bonds worth $20 billion in a seven-part offering, tapping the debt market to fund its surging spending on artificial intelligence infrastructure. Big Tech's appetite for debt is surging, after years of relying on strong cash flows
[5]
Google adds $55bn to capex plans as it boosts AI spending
Google said it plans to spend at least $55bn more on capital expenditure this year than Wall Street had forecast, as it doubles down on its huge spending on AI. The search giant increased its forecast for capex in 2026 to a range of $175bn to $185bn, far exceeding analysts' expectations for around
[6]
Alphabet calls out new AI-related risks, as it taps debt market to fund buildout
Google CEO Sundar Pichai gestures to the crowd during Google's annual I/O developers conference in Mountain View, California, on May 20, 2025. As Alphabet returns to the debt market to fund its artificial intelligence buildout, the company is acknowledging new risks tied to the rise of AI and its
[7]
Alphabet to Blow Past Investor Expectations for AI Spending
The company has quickly improved its Gemini model and integrated it throughout its products -- an effort that has required massive investment in data centers and chips for model improvement and cloud customers. Alphabet Inc. topped projections for quarterly revenue and outlined an ambitious
[8]
Google goes from laggard to leader as it pulls ahead of OpenAI with stellar AI growth
SAN FRANCISCO, Feb 4 (Reuters) - Alphabet (GOOGL.O), opens new tab is taking on OpenAI with a gusto that underscores Wall Street's perception that the Google parent is the leader in AI, a turn of events from a year ago when investors thought it was badly lagging behind rivals and punished its
[9]
Alphabet's strong quarter eases fears about the search giant's sky-high spending
Alphabet reported fantastic fourth-quarter results on Wednesday, proof that its eye-popping spending on artificial intelligence is accelerating growth across all its businesses. Revenue in the fourth quarter ended Dec. 31 increased 18% to $113.83 billion, well ahead of the $111.43 billion expected,
[10]
Alphabet keeps the AI spending frenzy going
But shares of companies that benefit from that spending rose. Driving the news: Alphabet plans to spend $180 billion at the midpoint of its projections for the year. * Analysts tracked by Bloomberg expected Alphabet, Google's parent company, to spend just under $120 billion. * This comes after
[11]
Google parent earnings beat projections amid plans to invest deeply in AI
Alphabet reports $34.5bn profit and revenue soars 48% in recent quarter as it plans a sharp increase in AI spending Google's parent company, Alphabet, beat Wall Street expectations on Wednesday, and is planning a sharp increase in capital spending in 2026 as it continues to invest deeply in AI
[12]
Google picks most spots on the AI roulette wheel
NEW YORK, Feb 4 (Reuters Breakingviews) - If the artificial intelligence trade is a casino, why not take as many chances as possible to win? That's the apparent philosophy at Google owner Alphabet (GOOGL.O), opens new tab. Once menaced, opens new tab by fears that chatbots would replace its
[13]
Alphabet earnings: Google beats expectations and bets big on AI
Wall Street came into Wednesday looking for earnings proof that Google $GOOGL can grow in the AI era without breaking its own margins. After the bell, Alphabet obliged -- Search rose, Cloud surged, profits followed. And then -- almost as if the company didn't trust the market to stay focused --
[14]
Alphabet is confident about plans to double capex spending to a possible $185 billion -- but it's keeping CEO Sundar Pichai up at night | Fortune
Alphabet is the latest example. During its Wednesday fourth quarter earnings call, CEO Sundar Pichai and chief financial officer Anat Ashkenazi revealed that the $4 trillion tech giant will spend between $175 billion to $185 billion in capex in 2026, possibly doubling the $91.4 billion it spent in
[15]
Alphabet resets the bar for AI infrastructure spending
Sundar Pichai, chief executive officer of Alphabet Inc., during the Bloomberg Tech conference in San Francisco, California, US, on Wednesday, June 4, 2025. Google parent Alphabet beat Wall Street's expectations for its fourth quarter but a new, high bar for expected spending on artificial
[16]
Google's annual revenue tops $400 bn for first time, AI investments rise
San Francisco (United States) (AFP) - Google parent Alphabet on Wednesday reported blockbuster earnings, its revenue climbing as it invests massively in cloud computing services enhanced with artificial intelligence. The tech giant said revenue jumped 18 percent year-on-year in the quarter, and
[17]
Wall Street has another funny turn over Alphabet's plans to ramp up spending to further boost cloud successes. Who is going to teach the red braces brigade about the math of investing in the future?
Google Cloud turned in another strong quarter to end its current fiscal year, but Wall Street had its by now customary and increasingly tedious fit of the vapors as the firm's parent Alphabet confirmed plans to increase data center build-out spend dramatically over the next 12 months. Total Q4
[18]
Alphabet to jack up AI spending as Google Cloud and ad business revenues shine - SiliconANGLE
Alphabet to jack up AI spending as Google Cloud and ad business revenues shine Google LLC's parent company Alphabet Inc. beat expectations as it delivered its fourth-quarter financial results today, but its stock was trading lower after it revealed plans for a dramatic increase in its investments
[19]
Google parent Alphabet predicts a sharp surge in 2026 capital spending on AI
Subscribe to the Daily newsletter.Fast Company's trending stories delivered to you every day Cloud computing majors have poured hundreds of billions of dollars to grow their AI infrastructure, both to meet the growing enterprise demand for their cloud services and to fuel their own development of
[20]
Google parent Alphabet says it could double capital spending in 2026
Feb 4 (Reuters) - Alphabet (GOOGL.O), opens new tab said on Wednesday that capital expenditure could as much as double this year, in yet another aggressive spending ramp-up by the Google parent as it deepens investments to push ahead in the AI race. Alphabet shares were volatile in after-hours
[21]
Google's quarterly results paint a picture of an internet powerhouse getting stronger in AI age
SAN FRANCISCO (AP) -- Google's latest quarterly report provided further evidence that its internet empire is withstanding an artificial intelligence shakeup that's turning into another potential boon for the company. The numbers released Wednesday marked Google's third consecutive quarter of
[22]
Google Q4 results paint picture of an internet powerhouse getting stronger in AI age
SAN FRANCISCO -- Google's latest quarterly report provided further evidence that its internet empire is withstanding an artificial intelligence shakeup that's turning into another potential boon for the company. The numbers released Wednesday marked Google's third consecutive quarter of digital ad
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Google Says Spending Could Double This Year Amid Its AI Push. Investors Don't Seem Excited
The company's fourth-quarter results topped estimates as cloud revenue surged. Alphabet (GOOGL) shares slumped Thursday after the Google and YouTube parent laid out massive spending plans to support its AI ambitions. The shares were down over 5% in recent trading, after the company forecast $175
[24]
Alphabet to sell rare 100-year bond to fund AI expansion, bookrunner memo shows
Alphabet is set to price a rare 100-year bond, a memo from the lead manager seen by Reuters showed, as artificial intelligence-driven spending sparks a surge in borrowing at US tech giants. The company is selling 5.5 billion pounds ($7.53 billion) worth of sterling bonds in a five-part deal,
[25]
Alphabet's $70B Debt Signals End of Capital-Light Tech - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)
From $11B To $70B: Alphabet's Debt Explosion Signals The End Of 'Capital-Light' Tech Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) used to look like a tech company. Now it looks like an industrial giant with a balance sheet to match. In barely a year, Google's parent has leapt from a neat $11 billion
[26]
Alphabet CEO: AI Is Driving Growth 'Across The Board'
"Overall, we are seeing our AI investments and infrastructure drive revenue and growth across the board to meet customer demand and capitalize on the growing opportunities ahead of us,' says Alphabet CEO Sundar Pichai. Google parent company Alphabet ended its latest fiscal year with what CEO
[27]
Alphabet sells bonds worth $20 billion to fund AI spending, including rare 100-year bond
Alphabet sold $20 billion in bonds in a seven-part offering, tapping the debt market to fund its surging spending on artificial intelligence infrastructure. Big Tech's appetite for debt is surging, after years of relying on strong cash flows to fund investments. Alphabet is also planning a debut
[28]
Alphabet Just Delivered Great News for Nvidia Stock Investors | The Motley Fool
Alphabet is doubling its capex spend to $175 billion-$185 billion this year. Alphabet (GOOG 0.60%) (GOOGL 0.20%) delivered solid results across the board in its fourth-quarter earnings report on Wednesday night. However, after the stock had doubled in the last six months, it wasn't enough to keep
[29]
Google parent Alphabet sells bonds worth $20 billion to fund AI spending
Alphabet has sold bonds worth $20 billion in a seven-part offering stretching out to 2066, tapping the debt market to fund its surging spending on artificial intelligence infrastructure. Alphabet has sold bonds worth $20 billion in a seven-part offering stretching out to 2066, tapping the debt
[30]
Alphabet's Outlook In Focus As AI Budget Doubles; Shares Slip - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)
Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) shares dropped lower after the company reported fourth quarter earnings Wednesday after the closing bell, disappointing investors despite results that pointed to a strong quarter overall. Alphabet delivered positive revenue growth and rising profits, but many
[31]
Google Plans to Double Capex Spending as Cloud Growth Soars 48% | The Motley Fool
The search leader's artificial intelligence (AI) strategy is paying off. Questions about the future of artificial intelligence (AI) have surged in recent months. The biggest question among investors is whether companies can recoup the massive investments they're making to capitalize on demand for
[32]
US Stocks Today | Is Alphabet's $20 billion bond sale the start of a record AI debt boom?
Alphabet, the parent company of Google, tapped the U.S. high-grade bond market, raising $20 billion as part of a surge in debt funding by artificial intelligence-focused companies that analysts expect to drive corporate bond issuance to record levels this year, according to Reuters. The company
[33]
Google Parent Alphabet Secures $32B in Bond Sale, Signals Investor Faith in AI Growth
In one of the largest corporate bond deals in recent times, Alphabet tapped credit markets for $32 billion, reflecting sustained appetite for AI-focused giants. This biggest-ever corporate bond sale in the UK and Swiss markets showed the enthusiasm and strong appetite in credit markets to fund the
[34]
Alphabet sells bonds worth US$20 billion to fund AI spending
Alphabet has sold bonds worth US$20 billion in a seven-part offering, tapping the debt market to fund its surging spending on artificial intelligence infrastructure. The disclosure on Tuesday underscored Big Tech's growing appetite for credit, in a shift away from years of relying on strong cash
[35]
Google parent Alphabet latest tech giant to announce plans to spend...
Alphabet said Wednesday that capital expenditure could as much as double this year, in yet another aggressive spending ramp-up by the Google parent as it deepens investments to push ahead in the AI race. Alphabet shares were volatile in after-hours trading -- falling 6% before recouping losses, as
[36]
Google goes from laggard to leader as it pulls ahead of OpenAI with stellar AI growth - The Economic Times
Alphabet executives struck a more confident tone on the company's post-earnings call on Wednesday, the first since it released the Gemini 3 model, which has wowed users and helped Google catch up in the artificial intelligence race.Alphabet is taking on OpenAI with a gusto that underscores Wall
[37]
Alphabet Doubles AI Capex to $185B, Now Outspends Meta & Amazon Combined
Alphabet beats estimates but Rs-heavy AI capex plan rattles Wall Street Alphabet, Google's parent company, delivered a stronger-than-expected fourth quarter, beating Wall Street forecasts on revenue, earnings per share, and cloud growth. Yet, these results failed to reassure investors. Alphabet's
[38]
Investor Outlook: Google DeepMind drives sharp jump in AI capex
Alphabet shares moved lower despite beating earnings and revenue expectations, as investors focused on the company's plan to sharply increase capital spending on artificial intelligence infrastructure. The pullback comes amid a broader selloff in software stocks, driven by concern that AI tools
[39]
Alphabet sells bonds worth $20 billion to fund AI spending
Feb 10 (Reuters) - Alphabet has sold bonds worth $20 billion in a seven-part offering stretching out to 2066, tapping the debt market to fund its surging spending on artificial intelligence infrastructure. The disclosure on Tuesday underscored Big Tech's growing appetite for credit, in a shift
[40]
The dollar is no longer enough to finance AI investments
Alphabet is preparing to issue debt in pound sterling and Swiss francs. AI is taking an ever-larger place in corporate credit markets. After Oracle's $25bn issue last week, it's now Alphabet's turn to milk the market. On Monday, Alphabet sold $20bn in bonds. The deal was a success, as Alphabet
[41]
Alphabet announces record increase in investment to accelerate in AI
Alphabet plans to invest between $175bn and $185bn in 2026, well above market expectations, which on average had been forecasting $115.3bn. The announcement, met coolly by investors with the stock flat in after-hours trading, underscores the group's determination to strengthen its position in the
[42]
Google goes from laggard to leader as it pulls ahead of OpenAI with stellar AI growth
SAN FRANCISCO, Feb 4 (Reuters) - Alphabet is taking on OpenAI with a gusto that underscores Wall Street's perception that the Google parent is the leader in AI, a turn of events from a year ago when investors thought it was badly lagging behind rivals and punished its stock. Alphabet executives
[43]
Google parent Alphabet says it could double capital spending in 2026
Feb 4 (Reuters) - Alphabet said on Wednesday that capital expenditure could as much as double this year, in yet another aggressive spending ramp-up by the Google parent as it deepens investments to push ahead in the AI race. Alphabet shares were volatile in after-hours trading - falling 6% before
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Google's parent company Alphabet is doubling down on artificial intelligence with capital expenditure reaching up to $185 billion this year—roughly double last year's total. To finance this unprecedented AI infrastructure buildout, the company sold $20 billion in dollar bonds and is issuing rare 100-year sterling bonds, the first by a tech company since the 1990s.
Alphabet Unveils Massive Capital Expenditure Plan for AI Infrastructure
Alphabet has announced plans to spend between $175 billion and $185 billion on capital expenditure in 2026, nearly doubling its spending from the previous year as it accelerates investments in artificial intelligence infrastructure
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. The forecast significantly exceeds Wall Street expectations of around $120 billion, signaling Google's parent company is betting heavily on AI to drive future growth. CFO Anat Ashkenazi revealed that approximately 60 percent of the 2026 capex spend—between $105 billion and $111 billion—will go toward fast-depreciating assets like servers, while the remaining 40 percent will support data center construction and networking3
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Source: New York Post
The increased capital expenditure reflects Alphabet's determination to compete in the AI arms race alongside other hyperscalers like Meta, Amazon, and Microsoft. CEO Sundar Pichai stated that the company is seeing its AI investments drive revenue growth across the board, with particular strength in its Gemini AI assistant
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. The spending will split evenly between internal workloads and Google Cloud platform infrastructure, supporting both the company's own products and partners including Apple, OpenAI, and Anthropic3
.Financing AI Investments Through Historic Corporate Bond Sales
To help fund this unprecedented spending plan, Alphabet sold $20 billion in dollar bonds on Monday through a seven-part offering, marking its biggest-ever US dollar bond sale
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. The offering was upsized from an initial $15 billion due to overwhelming demand, attracting more than $100 billion in orders—one of the biggest order books of all time1
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. The seven tranches mature at intervals starting in 2029 and extending to 2066, with the 40-year portion pricing at 0.95 percentage points above US Treasuries1
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Source: Market Screener
Alphabet is also making a debut sterling bond issuance that includes a rare 100-year bond—the first such offering by a tech company since Motorola in 1997 during the dotcom era
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. Century bonds are highly unusual outside of governments and regulated utilities, with only the University of Oxford, EDF, and the Wellcome Trust having tapped the sterling century market previously1
. A banker familiar with the transaction explained that the multi-currency approach helps expand the investor pool given the massive capital needs, while issuing in sterling proves more cost-effective than the dollar market due to lower interest rates1
.Big Tech Pivot to Debt Markets Raises Investor Concerns
Alphabet's borrowing spree represents a significant shift for Big Tech companies that previously relied on strong cash flows to fund investments. The company's long-term debt jumped to $46.5 billion in 2025, up more than four times from the previous year, though it still held cash and equivalents of $126.8 billion at year-end
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. Morgan Stanley expects hyperscalers to borrow $400 billion this year, up from $165 billion in 2025, with total high-grade debt issuance potentially reaching a record $2.25 trillion2
.The massive borrowing has sparked investor concerns about whether artificial intelligence will benefit those betting the most. Some portfolio managers are growing cautious about overexposure to companies with complex financial obligations tied to AI investments
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. Tony Trzcinka, a senior portfolio manager at Impax Asset Management, skipped Monday's offering due to insufficient yields and concerns about hyperscaler capex budgets1
. Analysts note that payoffs have not kept pace with huge AI spending from US tech giants, while businesses adopting generative AI have seen limited productivity gains so far4
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Source: ET
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Revenue Growth Supports Ambitious AI Infrastructure Buildout
Despite the concerns, Alphabet reported strong financial performance that supports its ambitious spending plans. The company's annual sales topped $400 billion for the first time, with fourth-quarter revenue rising 18 percent to $113.8 billion and net income increasing 30 percent to $34.5 billion
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. Google Cloud revenues jumped 48 percent to $17.7 billion in Q4, driven by accelerating growth in enterprise AI products that are generating billions in quarterly revenues3
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.The company's advertising business also benefited from AI integration, with Gemini AI improving ad relevance for longer, more complex searches that were previously challenging to monetize
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. Alphabet's ad revenues across Search, YouTube, and Network segments topped $82.28 billion during the quarter, an increase of more than 13 percent year-over-year3
. Capital expenditure from the four biggest US tech companies—Alphabet, Microsoft, Amazon, and Meta—is expected to total at least $630 billion in 2026, with Big Tech companies and their suppliers projected to invest almost $700 billion in AI infrastructure this year1
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. Nvidia CEO Jensen Huang has characterized this as a "once-in-a-generation infrastructure buildout"2
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