Alphabet shares are experiencing downward pressure. What’s pulling GOOG shares down?
Why Alphabet’s $80 Billion AI Capital Raise MattersAlphabet has proposed an $80 billion capital raise to fund AI compute infrastructure, citing "unprecedented customer demand," with the package spanning a $30 billion underwritten public offering, a $40 billion at-the-market program expected to begin in the third quarter, and a $10 billion private placement to Berkshire Hathaway.Berkshire's $10 billion private placement includes $5 billion of Class A stock priced at $351.81 per share and $5 billion of Class C stock priced at $348.20 per share, extending a position it has been building since the third quarter of 2025.Alphabet also lifted its annual capital spending forecast to $180 billion to $190 billion, a range that sharpens the debate over whether the equity financing becomes a multi-quarter drag on per-share metrics. That dilution risk is front-and-center as a real slog narrative gains traction around the size and structure of the offering.GOOG Technical Analysis: Key Levels To WatchFrom a trend perspective, GOOG still looks constructive over the longer horizon: it's up 117.46% over the past 12 months and remains above its 50-day, 100-day, and 200-day moving averages, with a golden cross in July 2025 keeping the bigger-picture bias pointed higher.Near-term, the stock is working through a pullback: it's trading 4.8% below the 20-day SMA and 4.2% above the 50-day SMA, which often reads as "cooling off" rather than "broken" as long as the 50-day area continues to act like a floor.Momentum is best framed through RSI, which sits at 49.35—neutral and consistent with consolidation after a May swing high and the March swing low. In plain English, RSI helps gauge whether a move is getting stretched; around 50 typically signals neither buyers nor sellers have clear control.
