Google $80 Billion Equity Offering Comes Amid Rising Debt, Slowed Buybacks

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Amid a huge jump in capital spending on artificial intelligence infrastructure, Alphabet (GOOGL) plans new equity offerings totaling $80 billion. Google stock fell on Tuesday on the announcement, which coincides with rising company debt and lower repurchases of Google stock. While the new capital raise will dilute existing equity, Google has reduced its "float," or outstanding shares, by over 10%…