Has your opinion of Alphabet changed following the release of their 100 year bond?
u/swrrrrg ·
Reddit — r/ValueInvesting
· February 15, 2026 at 06:43
· ⬆ 65 pts
· 💬 65 comments
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I was wholly prepared to hold Google long term, but to be straight up, their 100 year bond has me rather spooked (Yes, I’m old enough to remember Motorola.) I still have my position but I am considering whether I want to exit or let it ride for the long haul. For the foreseeable, I’m actually pretty bullish on defense stocks, especially Lockheed.
Google isn’t just a search engine; they have many other businesses including Waymo, YouTube, ads, etc.
Their profits are outstanding and they have basically been printing money.
They have been printing money but now they plan to significantly increase their spending towards AI. I did bet that Google could pull it off but I also didn’t want to see them burning through capital.
On one hand, the 100 year bond helps to obtain capital to put towards AI, but honestly, I can’t think of \*any\* company I would bet on to be around in 100 years.
The bond deal is shifting a significant enough portion of its AI capital plan to the liability side as opposed to relying on cash and equities.
As a shareholder, my big question is whether management will continue to be able to deliver growth and returns in the same way and whether they are going to be able to scale all of their AI infrastructure quickly, especially with growing pushback to data centers, privacy concerns, and various regulatory concerns.
While I think Google has the data behind it to be the lead in the AI space, I admit, I am less optimistic than I was a week ago.
Thoughts?