Alphabet's $175-185 billion CapEx guidance for 2026 sent shockwaves through the market. That's infrastructure spending is on a scale few companies can match, aimed squarely at AI buildout and cloud expansion. The stock fell 7% post-Q4 earnings on February 5th as investors digested what this means for near-term profitability. To fund the expansion, Alphabet issued $20 billion in multi-tranche bonds on February 10, including a rare 100-year sterling bond worth £1 billion. The bond sale itself knocked the stock down another 2.1%.
Meta Platforms Inc. found record-shattering demand for its bond sale on Thursday even as its shares plunged, in a sign that bond investors are looking past any concerns about its artificial-intelligence spending plans. The company sold $30 billion of bonds, the largest high-grade US note sale since 2023, drawing the most ever orders at $125 billion. That came on a day where Meta's shares dropped as much as 14%, after it had posted quarterly earnings late Wednesday,
