[https://www.cnbc.com/2026/06/01/alphabet-to-raise-80-billion-from-stock-sales-to-fund-ai-buildout.html](https://www.cnbc.com/2026/06/01/alphabet-to-raise-80-billion-from-stock-sales-to-fund-ai-buildout.html)
Google is raising $80 billion through stock sales to fund AI capex. Their last bond offering was at 6.4%, implying they either don’t think the return on investment will exceed 6.4% or the bond market isn’t willing to provide additional funding.