Google keeps finding new ways to crash the stock market’s AI party

Google keeps finding new ways to crash the stock market’s AI party

By Joe Ciolli
Publication Date: 2026-06-03 09:50:00

At this point, investors have come to expect a certain level of disruption from Alphabet.

Once an afterthought, the Google parent stormed the gates of the AI trade in late 2025 and hasn’t relented since.

Let’s run down the ever-growing list of reasons for Alphabet’s dominance:

It’s those last four developments that really drive home Alphabet’s seemingly uncanny ability to nudge its way to the forefront of AI discussions.

Just this week, Alphabet succeeded yet again in hijacking the AI narrative, this time with a plan to raise $80 billion through equity offerings. While not as sexy as the eye-popping IPO valuations expected for private-market juggernauts OpenAI, Anthropic, and SpaceX, the company has once given investors something compelling to think about as they allocate capital.

Soak in the stock chart below — eye candy for anyone fortunate enough to own Alphabet shares — and then we’ll get into the positive implications of the firm’s…