Alphabet Discloses $811B Off-Balance-Sheet Commitments, Stock Slides 10%
GOOG sits 75% above its 52-week low of $197.46.
Summary
Alphabet's off-balance-sheet purchase commitments jumped to $811B as of June 30, up from $332B three months earlier, driven by data-center tech, inventory, and energy contracts extending to 2054. The stock fell about 10% after Moonshot AI's open-weight Kimi K3 model debut raised competitive concerns. Berkshire Hathaway added 48.1M shares this quarter, with roughly 60% coming from the $10B private placement announced in June. Alphabet is also preparing its first AUD bond offering across 3-, 5-, 10-, and 20-year tranches. The surge in commitments signals aggressive AI infrastructure spending, while the stock decline reflects investor anxiety over open-source AI competition. Watch for further details on the AUD bond pricing and any updates on the Berkshire stake.
At the time of this announcement, GOOG was trading at $344.70 on NASDAQ in the Technology sector, with a market capitalization of approximately $4.2T. The 52-week trading range was $197.46 to $404.47. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.