Alphabet announced an $80 billion equity raise, spotlighting the massive capital demands of the AI boom as hyperscalers race to fund data center buildout.

Alphabet announced an $80 billion equity raise, spotlighting the massive capital demands of the AI boom as hyperscalers race to fund data center buildout.

Demonstrates hyperscaler desperation for capital amid slowing revenue growth relative to capex; resets market expectations for how much more cash will be needed to close the GPU/power gap.