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Wall Street Breakfast

Alphabet Wants $80B

Wall Street Breakfast

Seeking Alpha

News, Business, Business News, Investing

4.11K Ratings

🗓️ 2 June 2026

⏱️ 5 minutes

🧾️ Download transcript

Summary

Alphabet (GOOG) (GOOGL) raises $80B for AI investments, including $10B from Berkshire Hathaway (BRK.A) (BRK.B). (00:14) When is Amazon (AMZN) Prime Day 2026? Dates, deals, and early discounts. (01:16) Citron Research founder Andrew Left found guilty of securities fraud. (01:57)
  
Episode transcripts seekingalpha.com/wsb.

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Transcript

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0:00.0

Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

0:07.6

It's good to be with you on this Tuesday, the second day of June. I'm Julie Morgan.

0:14.2

Alphabet plans to raise $80 billion in equity offerings, including a $10 billion investment deal with Berkshire Hathaway.

0:22.9

The Berkshire Hathaway deal is a private placement comprised of $5 billion in Class A common stock

0:29.2

at a price of $351.81 per share and $5 billion in Class C capital stock at a price of $3.4820 per share. The effort also includes $30 billion

0:40.7

in underwritten public offerings and a $40 billion at the market or ATM sale. Alphabet said in a

0:48.4

statement that AI is driving an expansionary moment for the company. It goes on to say that the company is experiencing

0:55.8

strong demand for its AI solutions and services from enterprises and consumers at levels that

1:02.6

are exceeding the company's available supply. It goes on to say that by scaling its investments,

1:08.4

the company seeks to expand its foundational infrastructure

1:12.3

to support the significant growth opportunity ahead.

1:16.7

Amazon's annual Prime Day event returns June 23rd and runs for four days.

1:22.4

Amazon is already offering early discounts and limited time promotions,

1:27.2

including a sweepstakes that give shoppers

1:29.4

a chance to win free groceries for a year. Since its debut in 2015, Prime Day has evolved

1:36.2

from a one-day promotion into one of the retail industry's biggest shopping events, rivaling Black Friday.

1:42.9

Amazon's Prime Day is likely to be closely watched by investors

1:46.4

as a barometer of consumer demand, with retailers such as Walmart, Target, Best Buy, and Costco

1:53.0

also competing for summer shopping dollars. A U.S. jury on Monday found prominent investor Andrew

2:00.6

left who run Citron Research guilty of securities fraud.

2:05.0

Authorities charge left in July of 2024, alleging he had manipulated the stock market and defrauded investors with misleading claims about his positions in multiple companies, including Nvidia and Tesla, making at least

2:19.9

$20 million in the process. Left denied the allegations and pleaded not guilty. After two days of

...

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