Alphabet plans to raise $80 billion through stock sales
Alphabet Inc (NASDAQ:GOOGL) is down 2.7% at $362.54 in premarket trading, after reports surfaced that the Google parent plans to raise $80 billion through stock sales to help fund its artificial intelligence infrastructure buildout. Berkshire Hathaway (BRK.A) is expected to contribute roughly $10 billion to help expand the company's AI compute capacity amid high demand.
The equity has more than doubled during the past 12 months, adding 119.2%. GOOGL remains up 20.2% in 2026 as well, with the shares recently touching a May 18 record high of $408.61, before cooling off. Should these pre-market losses hold, the equity will be eyeing a third-straight daily drop.
Options traders have been leaning bullish. Alphabet stock sports a 10-day call/put volume ratio of 3.14 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks higher than 85% of readings from the past year. Analyst sentiment is overwhelmingly positive as well. Of the 54 analysts in coverage, 44 carry a "strong buy" recommendation.
Alphabet also sports a Schaeffer's Volatility Scorecard (SVS) of 85 out of 100, indicating the shares have historically exceeded options traders' volatility expectations during the past year.