AIBullishBlockonomi · 4h ago7/10
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Alphabet (GOOGL) Unveils Massive $19B Convertible Preferred Stock with 6.25% Dividend
Alphabet raised $19 billion through convertible preferred stock offering with a 6.25% dividend yield to fund artificial intelligence capital expenditures. With the stock trading at $364 and analyst price targets around $413, the capital raise signals Alphabet's commitment to large-scale AI infrastructure investment amid intensifying competition in the sector.