alphabet

Google’s parent company Alphabet announced this morning that it’s issuing about $6.7 billion — or 6 billion euros — in new debt.

Intel saw its stock plummet at historic rates on Friday, along with smaller drops from Microsoft, Meta, and Amazon.

Its third-quarter earnings report showed ad sales weren’t great and revenue didn’t meet expectations. That’s got investors worried about an AI-driven downturn.

But it remains to be seen whether it’s the hero, or the antihero.

AI summaries are keeping more users on Google, leaving many publishers and businesses searching for new ways to reach customers.

Some investors are already diversifying away from the biggest names in tech.

Nvidia became the latest tech giant to sell bonds on Monday, offering up $25 billion. Others — Amazon and Alphabet, notably — have also gone to the bond market in recent months.

Spending on AI infrastructure is consuming almost all of the revenue Big Tech firms are bringing in.

And some companies are buying their competitors’ chips.

The company’s borrowing tens of billions of dollars to build out data centers. Some of those bonds, in the United Kingdom, have a 100-year maturity date.