Alphabet (GOOG) announced an $80 billion equity raise, its first large-scale offering since 2010, signaling aggressive investment in AI infrastructure. GOOG's move reflects management's confidence in capturing outsized returns amid insatiable AI demand and robust growth across Cloud, Search, and YouTube. At $370 per share, GOOG trades at 26x forward earnings with expectations for 30%+ EPS growth and a PEG ratio between 1.0x-1.3x.