At the end of 2024, Alphabet was still a classic "capital-light" software behemoth: oceans of cash, minimal borrowing, pristine margins. Then the AI arms race hit. By late 2025, debt had already ...
Alphabet Inc GOOGL GOOG used to look like a tech company. Now it looks like an industrial giant with a balance sheet to match. In barely a year, Google's parent has leapt from a neat $11 billion in ...
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