Google Commits $15B to Malaysia Expansion

Alphabet Inc. (GOOG) filed an SEC Form 8-K — Other Events. Item 8.01. Other Events. Alphabet Inc. Euro-Denominated Senior Notes Offering On November 5, 2026, Alphabet Inc. (“Alphabet”) closed its underwritten public offering of €6 billion aggregate principal amount of euro-denominated senior notes (the “Notes”) pursuant to Alphabet’s reg

Google, Meta, and TikTok sued to block California's AB 1709, which restricts social media features for minors, citing First Amendment and Section 230 concerns. The law targets features like autoplay and personalized recommendations. Meta faces up to $18B in settlements over child privacy and addiction claims.

Alphabet, Google's parent company, returned to the municipal bond market with a $1.65 billion prepay deal, upsized from an earlier $1.2 billion deal. The bonds were oversubscribed, with maturities repriced at 4.80% and 4.85%. Alphabet's credit has faced pressure, with its credit default swap rising to 90 basis points. The deal is part of a growing sector, with year-to-date issuance at $36.7 billion, surpassing 2025's record. The bonds are designated green, financing renewable energy resources.

Google may acquire a stake in TeraWulf's $19B AI data center project if Anthropic defaults on its 20-year lease. The project, starting in late 2027, involves 401 megawatts of computing capacity in Kentucky. Google's stake would be in the project subsidiary, not TeraWulf itself.

Alphabet (GOOG) priced $6B in notes, maturing by 2045, and shares rose 1.4% to $283.96 premarket. This follows a $9B euro offering in May, totaling $15B. The company plans $195B-$205B in capital expenditure, with Google Cloud using third-party computing capacity, which may pressure margins. GuruFocus gives GOOG a GF Score of 98/100, noting strong profitability and growth but weaker valuation.

Amazon's stock rose 7% after 10 Ohio towns banned large data centers, as the company can build elsewhere. Analysts expect its earnings to nearly double by 2028. Microsoft and Alphabet also gained, while smaller competitors like CoreWeave fell. NVIDIA's performance depends on overall data center growth.