Alphabet(US:GOOGL) 智通财经网·2025-11-03 11:41Core Points - Alphabet plans to return to the European bond market for the second time this year, issuing multiple euro-denominated benchmark bonds to support record spending in AI and cloud infrastructure [1] - The total issuance is expected to be at least €3 billion (approximately $3.5 billion), with bond maturities ranging from 3 to 39 years [1] - The 3-year bonds are priced about 60 basis points above mid-swap rates, while the 39-year bonds are priced about 190 basis points higher [1] Group 1 - Alphabet is investing a record amount in AI development, with capital expenditures projected to reach $91 billion to $93 billion this year [2] - The company has raised its capital expenditure forecast earlier this year from $75 billion to $85 billion, primarily for technology infrastructure like data centers [2] - The CFO of Alphabet indicated that capital expenditures are expected to increase significantly by 2026 [2] Group 2 - Meta Platforms recently issued $30 billion in bonds, marking the largest high-rated bond sale in the U.S. in 2023, with demand reaching $125 billion [2] - This reflects the ongoing capital investment needs in AI infrastructure, similar to Alphabet's strategy [2]