AI infrastructure firms have seen accelerated demand as tech companies and cloud providers ramp up investments in data centers to support large language models and other AI applications. Last week, Alphabet moved to raise $84.75 billion in upsized equity offerings.

Alphabet's record $85 billion equity offering and pending IPOs from OpenAI, Anthropic, and SpaceX are flooding markets with new AI shares, raising demand

Alphabet raised $85B in equity offerings to fund AI infrastructure, with Berkshire Hathaway contributing $10B, as Big Tech races to dominate the AI arms