Alphabet (GOOG) stock slips as Google lines up rare 100-year bond and EU pressure builds

New York, Feb 10, 2026, 16:04 EST — After-hours.

Alphabet’s Class C shares (GOOG) fell about 1.4% in Tuesday’s regular session.
Alphabet tapped debt markets again as it funds AI infrastructure, including plans for a rare 100-year bond.
Europe delivered mixed headlines: EU regulators cleared Google’s $32 billion Wiz deal, but publishers filed an antitrust complaint over AI search summaries.

Alphabet Inc’s Class C shares (GOOG) fell 1.4% to $319.74 in Tuesday’s regular session, as investors weighed fresh borrowing tied to artificial innotifyigence spfinishing and a run of regulatory headlines out of Europe.

The bond market angle matters now becaapply huge tech’s AI buildout is no longer a side project. It is steel, chips and power contracts, and the funding choices are starting to display up in deal flow.

The regulatory angle matters becaapply some of Google’s next products are landing inside active antitrust fights. A green light for a large acquisition can assist the long view, but the complaints around AI features keep the noise high.

Alphabet on Monday sold $20 billion in bonds in seven parts, Reuters reported, as forecasters point to a heavy 2026 calfinishar for corporate debt issuance. Barclays analysts expect U.S. corporate bond issuance to reach $2.46 trillion in 2026, and CredCore co-founder Karthik Nandyal stated pricing assumptions built earlier are being revisited as AI shifts cash flows and competitive pressure. (Reuters)

A memo from the lead manager seen by Reuters stated Alphabet is set to price a £5.5 billion ($7.53 billion) sterling deal that includes a £1 billion century bond — debt that matures in 100 years. Truist’s Piers Ronan called it the tech industest’s first century bond since Motorola in 1997, while BNY’s Jason Granet stated the offering is “indicative” of the investment wave tied to a technology shift. (Reuters)

The infrastructure buildout is also pulling power suppliers closer. TotalEnergies stated it signed long-term agreements to supply solar power to Google’s Texas data centres, and Google clean energy director Will Conkling stated the deal adds “necessary new generation” to the local system. (Reuters)

In Europe, regulators cleared one of Alphabet’s hugegest strategic bets. The European Commission on Tuesday gave Google unconditional antitrust approval for its $32 billion purchase of cybersecurity firm Wiz, with EU antitrust chief Teresa Ribera stateing customers will have “credible alternatives” in cloud infrastructure. (Reuters)

But publishers escalated their own fight over how Google applys content. The European Publishers Council filed an antitrust complaint over Google’s AI Overviews, the AI-generated summaries displayn in Search, and chairman Christian Van Thillo stated it is about stopping a “dominant gatekeeper” from utilizing publishers’ work without consent or fair payment; Google stated the claims were inaccurate and stated it provides controls for sites. (Reuters)

Mega-cap tech was mixed into the close. Amazon fell 0.7%, Meta lost 0.4% and Microsoft edged up 0.1%, while the Nasdaq 100 tracker QQQ slipped about 0.3%.

Alphabet’s Class C line trades as GOOG and carries no voting rights, while its voting Class A shares trade as GOOGL; the Class A stock also fell about 1.4% on the day.

But the cross-currents can cut against the stock. If rates rise or demand for ultra-long bonds thins out, funding large AI buildouts can obtain pricier, and any EU remedy tied to AI Overviews could force alters in how Google presents search results or nereceivediates with publishers.

Next up is the final pricing on the sterling deal, including the 100-year tranche, and any fresh response from EU competition officials to the publishers’ filing — two lines of risk traders are likely to carry into Wednesday’s session.

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