Alphabet announced an $80 billion share sale to fund AI infrastructure spending projected at $190 billion in 2026.

Alphabet is selling $80 billion worth of shares after raising $85 billion via debt over the past year. The company generated $174 billion in operating cash flow over the trailing 12 months but is seeking additional capital for AI and computing infrastructure expansion.

Alphabet anticipates capital expenditures of up to $190 billion in 2026, with a "significantly" higher amount expected in 2027. Revenue rose 22% year over year to $110 billion in the first quarter, with Google's search revenue up 19% and cloud computing revenue up 63%, driven by AI-powered features.

Berkshire Hathaway agreed to buy $10 billion worth of Alphabet stock in a private placement as part of the $80 billion share sale.