Alphabet Stock Eyes AI Raise as Google Parent Increases Target to $84.75 Billion
Alphabet Inc. shares fell in premarket trading Thursday as the Google parent’s larger $84.75 billion equity raise met investor concern over the company’s spending pace on artificial intelligence. Before the bell, Alphabet Class A was at $358.99, off 0.7%. Class C was at $355.68. No market holiday is scheduled today in the U.S.; it’s a standard trading day. Nasdaq’s next June market holiday isn’t until 2026. Stocks trade in the usual session from 9:30 a.m. to 4 p.m. ET. Pre-market goes from 4 a.m. through the bell at 9:30 a.m. ET.