$GOOGL is selling $80 B worth of equity and Berky is buying $10 B worth of it. After spending $310 B since 2020 on buybacks, the company is now selling stock to fund AI buildout. Interesting. I have severely underestimated how strong this AI investment cycle is.
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Also, I sold half of my long-term position, even though I will pay significant capital gains tax… I am not happy with this move. Especially showing desperation to sell $10 B equity to Berky at discount.