Google's parent company, Alphabet, has increased the size of its financing from $800 billion to $847.5 billion.

On June 3, Alphabet Inc.—Google’s parent company—announced it’s boosting the total proceeds from its planned stock offering to $847.5 billion, up from an initial $800 billion. The financing is earmarked to cover surging artificial intelligence (AI) computing expenses. The deal breaks into three parts: a $400 billion Market-On-Close (MOC) stock issuance launching in the third quarter, $300 billion in underwritten common stock and mandatory convertible preferred stock, and a $10 billion direct private placement to Warren Buffett’s Berkshire Hathaway. Joint underwriters include Goldman Sachs, JPMorgan, and Morgan Stanley, making this one of the largest equity financing deals in global history. Behind the massive fundraising is Alphabet’s deepening investment in chip development and infrastructure. CFO Anat Ashkenazi revealed 2027 capital expenditures will be far higher than 2026’s $190 billion budget—itself double the prior year’s figure. Bloomberg Industry analyst Mandeep Singh predicts Alphabet’s 2025 capital outlays could climb to $300 billion, even outpacing the company’s operating cash flow. The funds will primarily go toward expanding production capacity for Alphabet’s in-house AI chip, the Tensor Processing Unit (TPU), and its supporting infrastructure, with the goal of replacing Nvidia’s processors in compute-constrained markets.