Alphabet Taps Bond Market for $25B Despite AI Worries
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- Alphabet is returning to the bond market with a new sale of up to $25 billion, Bloomberg News reports.
- Google stock fell as news of the $25 billion bond sale sparked investor fears of a borrowing spree to fund AI infrastructure.
Why it matters: The $25 billion raise lands as Alphabet ramps AI infrastructure spending, and the immediate stock drop suggests investors are weighing new debt as a separate risk from the capex itself — a borrowing signal that could reset how the market prices AI-driven hyperscaler balance sheets.
