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Sign up free →Alphabet Inc. raised $45 billion out of $85 billion that it wanted to raise in total for data center build-out. Berkshire Hathaway agreed to buy $10 billion of the offering in a private placement deal.
Jim Cramer stated that Alphabet's stock traded up briefly after the pricing was announced and that Goldman Sachs executed the deal placement. Cramer also noted this was the first such fundraising move among major tech companies seeking capital for AI infrastructure.
Cramer commented that Alphabet and Amazon were notably absent from benefiting in stock movement that day despite having their own internal chip lines, and emphasized his view that investors should hold all three major AI-focused companies (Alphabet, Amazon, and Nvidia) given the scale of opportunity.
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