Alphabet Stock Is Slipping After a Huge AI Cash Call. Here’s What Traders Are Watching
Alphabet’s Class A shares slipped in late-morning trade on Wednesday after the Google parent upsized and priced an $84.75 billion equity raise to fund its artificial-intelligence infrastructure buildout. GOOGL was down 0.8% at $359.04, while non-voting GOOG shares fell 0.9% to $355.32.