Alphabet Increases Stock Offering to $84.75 Billion

Alphabet, the parent company of Google, announced an increase in its stock offering to $84.75 billion, reflecting strong investor interest in major tech stocks. This decision follows its earlier announcement to raise $80 billion amid a competitive rush to build AI data centers. The company aims to raise $18 billion from selling Class A and C shares, along with $16.75 billion through depositary receipts. It remains committed to raising $10 billion through a private placement for Berkshire Hathaway and another $40 billion stock offering planned for the market.