Alphabet shares are trading flat Wednesday morning after the tech giant announced the pricing of an upsized $84.75 billion equity capital raise, scaled up from an initial $80 billion target.

Google stock fell after Alphabet announced equity offerings totaling $80 billion in a capital rise amid higher spending on AI data centers.

Alphabet shares are moving lower in Monday's after-hours session after the company announced a proposed $80 billion capital raise.

By Tomi Kilgore and Emily Bary