Why did GOOGL move on Jun 2, 2026?

Alphabet (GOOGL) shares fell on June 2, 2026, after the company announced a massive $80 billion equity capital raise plan to fund its aggressive artificial intelligence infrastructure and global computing capacity. The fundraising structure includes a $10 billion private placement to Berkshire Hathaway, $30 billion in public stock offerings, and a $40 billion at-the-market share sale program. Investors reacted negatively to the announcement due to concerns over share dilution and the escalating, high-capital costs of the competitive AI race.