Alphabet’s stock (GOOG) dropped 5.29% this week, closing at $306.02 on Friday. The broader market also saw declines, with the S&P 500 falling 1.29% and the Nasdaq-100 dropping 1.27%. Year to date, Alphabet is down 2.48%, underperforming both indexes.
Google issued $20 billion in bonds to fund AI infrastructure and announced a $10 billion data center campus in Kansas City. EU regulators approved Google’s $32 billion acquisition of Wiz on February 12.
Alphabet’s $175-185 billion CapEx guidance for 2026 led to a 7% stock decline post-Q4 earnings. The company issued $20 billion in bonds on February 10, including a rare 100-year sterling bond worth £1 billion. Zacks Research maintains a Hold rating due to overvaluation concerns.
EU regulators approved Alphabet’s $32 billion acquisition of Wiz on February 12. Alphabet announced a $10 billion data center campus in Kansas City and a 15-year solar capacity agreement with TotalEnergies for Texas data centers.
Alphabet is spending heavily on infrastructure, raising questions about profitability. Regulatory pressures continue to mount, with antitrust complaints in Europe and changes forced by the UK’s Competition and Markets Authority.
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Read more at Yahoo Finance: 5.3% Drop as New Data Center Deals Announced
