Alphabet has attracted >$100bn of orders for a bond sale that’s expected to be ~$15bn, BBG reports, citing people with direct knowledge of the matter.
The demand is among the strongest ever seen for a corporate bond offering, showing investor hunger to buy debt tied to the AI boom. Alphabet has also mandated banks for potential Swiss franc and Sterling debt offerings, including a rare 100-year Sterling note. Source: Bloomberg, HolgerZ
Alphabet is going to be spending more than the capex of:
ExxonMobil, Chevron, BP, Shell, TotalEnergies, Equinor, Eni, Antero Resources, APA Corporation, ConocoPhillips, Expand Energy, Continental Resources, Coterra Energy, Devon Energy, EOG Resources, EQT Corporation, Diamondback Energy, Occidental Petroleum, Range Resources, Permian Resources, Imperial Oil, Cenovus Energy, Canadian Natural Resources, Ovintiv, Suncor Energy, Tourmaline Oil COMBINED! Can the US grid support these projections ??? Source: The Crude Chronicles, Bloomberg
$GOOG leads Big Tech in 2025.
Source: Ayesha Tariq, CFA
Alphabet $GOOGL Waymo weekly rides now at 450k:
• Jul 2024 ➝ 50k • Oct 2024 ➝ 100k • Dec 2024 ➝ 150k • Feb 2025 ➝ 200k • May '25 ➝ 250k • Dec 2025 ➝ 450k The latest figure appears to have been leaked from an investor-letter cited (Tiger Global) by media.
This is why OpenAI is in a Code Red.
In the 2 weeks since the Gemini launch, ChatGPT unique daily active users (7-day average) are down -6%. Source: Deedy @deedydas
This is probably why the markets love Alphabet $GOOGL - at least for now.
Over the last 12 months, Alphabet generated $151.4B in operating cash flow, enough to: A) Spend $77.8B on capex B) Repay $19.8B of debt C) Buy back $59.5B of stock and pay $10B in dividends This is elite cash-machine territory. With much quality / over-indebtedness than with some of the other AI names Source: Gainify @gainify_io
It now looks as if the race between Microsoft and Google for the best AI strategy has been decided
Source: HolgerZ, Bloomberg
🚨 $GOOGL co-founders Larry Page and Sergey Brin are now the 2nd and 3rd richest people on the planet.
Yes, Google just leap-frogged nearly everyone. According to Bloomberg’s latest rankings, here’s the current Top 10 richest people in the world: 1️⃣ Elon Musk — $442B 2️⃣ Larry Page — $276B 3️⃣ Sergey Brin — $258B 4️⃣ Larry Ellison — $254B 5️⃣ Jeff Bezos — $251B 6️⃣ Mark Zuckerberg — $225B 7️⃣ Bernard Arnault — $196B 8️⃣ Steve Ballmer — $166B 9️⃣ Michael Dell — $155B 🔟 Jensen Huang — $155B The Google founders jumping to #2 and #3 is a reminder of one thing: AI isn’t just reshaping technology, it’s reshaping the leaderboard of global wealth in real time. Source: Evan
