Alphabet plans to issue the first tech "100-year bond" (in pounds) since Motorola in 1997.
This is a very symbolic moment.
A. Finance & Business Fundamentals (The Bulls)
Lock in ultra-long low cost funds: Issuing a century-old bond means Google has locked in financing costs for the next century. In the current interest rate environment, this is extremely beneficial for issuers.
The ammunition depot of the AI arms race: AI infrastructure (data centers, chips) is a gold-guzzling beast. This money will be used directly to maintain its leading position in the AI field.
Despite facing regulatory pressure, the success of Gemini 3 demonstrates that its technical moat remains unfathomable.
This shows the ultimate recognition of Google credit (which is rumored to have oversubscribed), which is good for the stock price
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