Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) shares are moving lower in Monday’s after-hours session after the company announced a proposed $80 billion capital raise that includes an investment from Berkshire Hathaway.

Alphabet stock is facing resistance. What’s driving GOOG stock lower?

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Alphabet Deepens Bet On AI With Berkshire Backing

After the market close on Monday, Alphabet announced plans to raise $80 billion through equity offerings in order to help fund investments in AI compute infrastructure, citing “unprecedented customer demand.”