Alphabet, the parent company of Google, has announced its intention to raise $20 billion by issuing dollar-denominated bonds. This amount surpasses the initially anticipated figure of $15 billion, and notably, the pricing spread has tightened for bonds maturing in 2066. Alphabet has revealed that it aims to allocate up to $185 billion in capital expenditures this year—a sum that exceeds the aggregate total of the previous three years. The primary focus of this investment will be on data centers, which are pivotal to the company's artificial intelligence strategy.

Furthermore, it's worth mentioning that tech giants like Amazon and Alphabet collectively issued $121 billion in corporate bonds last year. From 2020 to 2024, the average annual issuance stood at $28 billion. Just last week, Oracle made headlines by raising $25 billion through a bond issuance, setting a new benchmark for peak order volume in the process.