Alphabet’s Mega Bond Plans Includes 100-Year Offering | Bloomberg Tech 2/9/2026

Alphabet launches mega-bond issuance with century maturity

Alphabet is raising $15 billion in U.S. high-grade debt alongside a super-rare 100-year sterling-denominated note, the first such issuance since the late 1990s, with potential Swiss franc bonds also under consideration.

Near-zero capital costs drive unprecedented infrastructure spending

Major tech firms face effectively zero weighted average cost of debt capital, prompting massive bond issuance to fund AI capex without equity dilution as cumulative hyperscaler spending projections double to $4 trillion through 2030.

Investment-grade debt market braces for record supply

JPMorgan forecasts $400 billion in investment-grade issuance this year as Microsoft, Amazon, and Apple are expected to follow Alphabet to market to finance AI buildouts estimated at $750 billion annually.

OpenAI secures $100+ billion to counter Google dominance

Microsoft, Amazon, and Nvidia will invest over $100 billion in OpenAI, providing $140 billion in cash to ensure payments to infrastructure providers Oracle and Microsoft while maintaining competition against Google's Gemini advances.

Oracle risk recedes with confirmed payments

Oracle shares rallied as the company resolved dual risks of funding its massive OpenAI infrastructure buildout and OpenAI's ability to pay, with the majority of Oracle's backlog dependent on the AI startup's solvency.

Nvidia and Microsoft remain primary beneficiaries

Despite OpenAI's custom chip ambitions, Nvidia and Microsoft will capture the bulk of $250 billion in AI compute spending as both trade at historically low 20x earnings multiples, offering what analysts call an historic opportunity.

Bitcoin volatility spikes amid risk-off sentiment

Bitcoin slipped below $70,000 with implied volatility jumping to 97%, highest since 2022, triggering $2.5 billion in forced liquidations as the cryptocurrency behaves increasingly like a leveraged tech stock rather than digital gold.

Institutionalization shifts philosophical underpinnings

The asset has transitioned from a self-sovereign currency and inflation hedge to a mainstream risk asset traded by institutions, creating structural vulnerability to correlation-based selloffs despite regulatory progress like the GENIUS Act.

iPhone 17E addresses previous model limitations

Apple will debut the iPhone 17E within weeks featuring the same chip as the flagship iPhone 17, MagSafe wireless charging, and an updated modem matching the iPhone Air released in September.

Low-cost Macs and iPads penetrate business markets

New M4 iPad Air and A18 entry-level iPads bring Apple Intelligence to lower price points alongside a sub-$800 MacBook, targeting bulk enterprise and education purchases to expand beyond saturated consumer segments.