Alphabet didn't need the money. That's what gets me.
Alphabet just pulled €9 billion in euro bonds and investors piled €25 billion in bids on it. This is months after the $20 billion dollar bond, the Swiss franc debut, the sterling deal, the literal 100-year bonds. At some point you stop calling it fundraising and start calling it something else.
I was running this through my Stoxcraft screener and the issuance timing against price action is not something I can unsee anymore.
So here's what I actually want to know from this community. Is this conviction in AI returns or is the biggest capex bet in market history just being quietly funded by other people's money?
u/Efficient_Ad5893 — 8 days ago