Mountain View, June 2026 – Alphabet, Google’s parent company, announced plans to sell $80 billion in stock, including a $10 billion investment from Berkshire Hathaway, to accelerate its investments in AI compute infrastructure.
The company said the capital will support “world-class AI infrastructure to meet unprecedented customer demand.” Alphabet noted that demand for its AI solutions is exceeding available supply, prompting the need for rapid expansion.
In April, Alphabet raised its full-year capital expenditure forecast to as much as $190 billion, up from earlier estimates of $175–185 billion. CEO Sundar Pichai emphasized that compute capacity remains the company’s biggest challenge, citing constraints in power, land, and supply chains.
The funding strategy includes $30 billion in underwritten offerings, $15 billion in mandatory convertible preferred stock, and $40 billion through an at-the-market program for Class A and Class C shares. Goldman Sachs, JPMorgan Chase, and Morgan Stanley are acting as joint book-running managers.
Berkshire Hathaway has been steadily building its stake in Alphabet since late 2025, with its holdings now valued at around $20 billion, making it one of Berkshire’s top technology positions.
Alphabet’s stock has more than doubled in the past year, outperforming other megacap peers, as investors applaud its aggressive AI investments and the returns from its Gemini upgrades. Despite the announcement, shares slipped in after-hours trading.
With hyperscalers including Alphabet, Microsoft, Meta, and Amazon expected to pour more than $700 billion into AI capex this year, analysts project total AI infrastructure spending could surpass $1 trillion by 2027. Alphabet’s latest move underscores its determination to remain at the forefront of the global AI arms race.
