Syz the Moment

Alphabet has launched an $80 billion capital raise to expand AI infrastructure, supported by a $10 billion investment from Berkshire Hathaway. Meanwhile, US manufacturing has hit a four-year high as markets continue to track a 1997-style momentum cycle.

Key Takeaways

• 1.Alphabet (Google) announced a massive $80 billion equity capital raise to fund AI compute infrastructure, including a $10 billion private placement from Berkshire Hathaway.
• 2.US manufacturing activity (ISM PMI) accelerated to a four-year high in June 2026, though prices remain elevated.
• 3.AI hardware supply chain stocks added $377 billion in market capitalization in a single session due to unprecedented demand for data center components.

Table of Contents

• Straight from the Desk
• Google Stock Buybacks Per Year
• US Manufacturing Activity Expands by Most in Four Years
• The 1997 analogy on the S&P 500
• The BTC top coincided with the moment the AI narrative went parabolic
• GOOGLE JUST ANNOUNCED AN $80 BILLION CAPITAL RAISE TO BUILD AI INFRASTRUCTURE
• Alphabet Announces Proposed $80 Billion Equity Capital Raise to Expand AI Infrastructure and Compute
• Yesterday, $377 BILLION of Market Cap were added to AI infrastructure stocks
• JENSEN AT COMPUTEX TAIPEI
• FALLEN UNICORNS