Berkshire Closes $10B Stake in Alphabet's Record $84.75B AI Equity Raise

Alphabet completed its upsized $84.75 billion equity offering on June 14, anchored by Berkshire Hathaway's $10 billion private placement that closed June 24 at a 6%+ discount. The raise began at $80 billion on June 1 and expanded amid strong demand to fund $180–$190 billion in 2026 AI capex. Google Cloud revenue surged 63% YoY to ~$20 billion with a $462 billion backlog, while shares fell 0.76% to $358.68 on June 3 before stabilizing. The financing signals aggressive AI infrastructure spending and preserves balance-sheet strength, with dilution under 2% of the $4.5 trillion market cap viewed as manageable.