GOOGL

In June 2026, Alphabet announced plans for an $80 billion equity capital raise, including a $10 billion private placement with Berkshire Hathaway, to accelerate AI investments, leading to stock volatility. In July 2026, strong Q2 earnings were reported, but the stock declined due to an aggressive increase in the 2026 capital expenditure forecast (to $195-$205 billion) for AI ambitions, resulting in negative free cash flow. Also in July 2026, reports of delays in delivering Gemini 3.5 Pro caused a 4.4% stock drop and led to a class action lawsuit for securities fraud. In September 2026, a federal judge rejected the U.S. government's request to force Google to sell parts of its adtech business, which was viewed positively. Alphabet shares reached a 5-week high of $351.93 USD on September 18, 2026, and a 6-week low of $325.73 USD on September 10, 2026. In October 2026, Alphabet unveiled Gemini 4 Argon and a reported $13 billion investment in a Nordic AI data center was highlighted, raising capital-intensity concerns.