$GOOGL

Alphabet issued $5.5 billion in Kangaroo bonds, its largest local corporate debt offering, to fund AI competition. Investor demand exceeded $18 billion, driven by interest in AI and hyperscalers.

Berkshire Hathaway, led by CEO Greg Abel, sold over 50% of its stake in Nucor (NUE) and increased its investment in Alphabet (GOOG, GOOGL) by $17 billion in Q2. Nucor's stock has risen 62% in 2026, while Alphabet is up 150% over five years. Bill Ackman's hedge fund exited Alphabet, citing valuation and capital allocation.

Alphabet raised A$5.5 billion ($3.89 billion) via its first Australian dollar bond issuance, offering 3- to 20-year bonds with a 6.9% coupon on the longest tranche. The move comes as global tech firms increasingly turn to capital markets to fund AI spending, with Alphabet reporting negative free cash flow in Q2. The company did not comment on the issuance.

Alphabet Inc. (NASDAQ: GOOG) plans to raise up to A$5 billion through its first Australian-dollar bond sale, potentially setting a record. The company is considering various maturities and interest rate options. The funds will support AI infrastructure investments, following increased capital expenditure guidance to US$195-205 billion for 2026. ANZ, Deutsche Bank, RBC, and TD Securities are managing the sale.

Alphabet (GOOGL) is reportedly set to pay nearly 7% for long-dated Australian dollar bonds, potentially its highest-ever coupon. The multi-part debt offering is expected to be priced on Wednesday, according to Bloomberg.

Global bond yields remain high, impacting stock markets. U.S. 30-year bond yield hit 5.3371% before easing. Asian markets fell, led by tech stocks. Unitree's shares surged 600% on debut. U.S. and European futures slipped. Fed minutes and earnings reports from Lowe’s, Target, and TJX are due.

Alphabet reported Google Cloud revenue grew 82% YoY to $24.8B. Microsoft's Azure grew 43%, and Amazon's AWS grew 37% to $42.2B. Google Cloud's operating income tripled, and its backlog reached $514B, driven by AI and enterprise demand.

Alphabet plans to raise A$5 billion ($3.6 billion) in its first Australian dollar bond sale, with pricing expected soon. The proceeds will fund AI spending. The offering includes four tranches, with the longest maturing in 20 years. Alphabet has previously raised debt in multiple currencies and nearly $85 billion through equity offerings. Analysts note limited tech exposure in the Australian market, but some investors express caution about credit risk.

Alphabet (GOOGL) reported its first negative quarterly free cash flow since 2004, at -$5.9B, due to a 100% YoY increase in capital expenditure to $44.9B, driven by AI spending. The company raised $49.6B in equity and increased long-term debt to $98.2B. Google Cloud revenue grew 82% YoY to $24.8B. Berkshire Hathaway boosted its stake by 83% to 106M shares, making Alphabet a top-three holding.

Anthropic, an AI company, may expand its revolving credit facility beyond $10B ahead of a potential IPO. Major banks are competing for roles, with lead banks potentially committing $1.25B each. The final size is still under discussion. Anthropic is also reportedly preparing IPO paperwork, with a possible debut this fall. The company faces high infrastructure costs for AI development, with Morgan Stanley working on $15B in debt financing for a Texas data center project.