Alphabet Inc.

Google parent aggressively expanding cloud and AI capacity to close gap with AWS and Azure. - Secures $32B debt including 100-year bond to fund doubled 2026 AI capex

The four largest cloud providers—Microsoft, Meta, Alphabet, and Amazon—guided to over $650 billion in combined AI infrastructure spending for 2026 during their February earnings reports, up sharply from $350 billion in 2025, and have begun tapping debt markets to fund the buildout. Microsoft and Meta reported on January 28-29 with divergent market reactions: Microsoft shares plunged 12% on $37.5 billion quarterly capex, while Meta surged on $115-135 billion 2026 guidance. Alphabet stunned investors February 4 with $175-185 billion capex plans—doubling last year's spend—while Amazon topped all on February 5 with a $200 billion pledge, 50% above 2025 and $50 billion over expectations, prompting a share selloff despite strong revenue beats.

Updated Feb 10

Google's parent company, now vertical integrating into power generation to fuel AI data centers. - Acquiring Intersect Power to secure energy infrastructure for AI expansion

Google spent $4.75 billion over a year ago to acquire Intersect Power, owning the power plants feeding its AI data centers. Amazon bought a nuclear-powered campus in Pennsylvania. Microsoft restarted Three Mile Island in September 2024. Now Meta has announced nuclear deals unlocking up to 6.6 gigawatts—through partnerships with Vistra, TerraPower, and Oklo—to power American AI leadership. Tech giants aren't just buying electricity. They're securing or building the grid themselves.

Updated Feb 4

Google's parent company, now vertically integrating into power generation for AI data centers. - Acquiring power infrastructure to fuel AI expansion

Alphabet just paid $4.75 billion for a power company. Not a tech company that happens to use power—an actual infrastructure firm that builds solar farms and data centers. The deal gives Google control over 10.8 gigawatts of generating capacity, enough to power 8 million homes. Tech giants spent 2024 locking down nuclear reactors, buying stakes in power plants, and signing multi-billion dollar energy deals because the AI boom hit a hard limit: there's not enough electricity. By December 2025, the federal government joined the race—the Department of Energy opened federal land at Oak Ridge for nuclear-powered AI data centers, while advanced nuclear startups raised over $500 million in a single week.

Updated Dec 29, 2025