Alphabet's $80 billion stock sale leaves Wall Street in 'unprecedented territory,' says Goldman's Gutman
Alphabet's recent decision to sell $80 billion in shares for artificial intelligence investments has raised eyebrows on Wall Street. Goldman Sachs' co-CEO Anthony Gutman described the situation as 'unprecedented territory' during an interview. The equity offerings include a significant allocation to Berkshire Hathaway to enhance AI infrastructure.
- ▪Alphabet plans to sell $80 billion in shares to fund AI commitments.
- ▪Goldman Sachs, JPMorgan Chase, and Morgan Stanley are managing the offerings.
- ▪The sale includes a $10 billion allocation to Berkshire Hathaway for AI infrastructure.
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Alphabet's plan to sell $80 billion in shares to fund its artificial intelligence commitments leaves markets in "unprecedented territory", co-chief executive officer at Goldman Sachs International Anthony Gutman told CNBC in an exclusive interview on Wednesday. The Google parent company said in a statement on Monday that its equity offerings will include an allocation of $10 billion to Greg Abel's Berkshire Hathaway to "fund investments in its world-class AI compute infrastructure to meet its unprecedented customer demand."Goldman Sachs, JPMorgan Chase and Morgan Stanley are acting as joint book-running managers for the underwritten offerings.
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