Stocks to Watch: Alphabet, CBOE, Marvell, HPE

Shares of Alphabet (primary: GOOG.OQ) fell sharply after the company said it plans to raise $80 billion to finance AI infrastructure, knocking the stock about 3.9% even as Berkshire Hathaway agreed to buy $10 billion of the new issuance. Exchange stocks also sold off after Kalshi won U.S. approval to list a perpetual futures contract, with CBOE-led declines spilling into peers such as CME, ICE and Nasdaq. Bitcoin-focused MicroStrategy (MSTR.OQ) plunged after selling a small amount of BTC, and bitcoin itself traded lower, near $67,200. The moves reflect investor sensitivity to big-cap capital raises for AI, shifting regulatory dynamics in derivatives markets, and episodic crypto positioning.