--- title: "A century-long AI gamble! The 28-year-old Alphabet's $100 billion century bond received 10 times the subscription, and strategists warn that the \"disruptor\" status is hard to maintain for a century" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/275845417.md" description: "Alphabet's issuance of a $100 billion century bond received 10 times oversubscription, demonstrating investor confidence in large technology companies. However, economic strategist Hardika Singh warns that this move may face significant challenges compared to other century bond issuers in history. She points out that as a relatively young company, whether Alphabet can maintain its market position over the next 100 years remains a question" datetime: "2026-02-13T03:43:04.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275845417.md) - [en](https://longbridge.com/en/news/275845417.md) - [zh-HK](https://longbridge.com/zh-HK/news/275845417.md) --- > 支持的语言: [English](https://longbridge.com/en/news/275845417.md) | [繁體中文](https://longbridge.com/zh-HK/news/275845417.md) # A century-long AI gamble! The 28-year-old Alphabet's $100 billion century bond received 10 times the subscription, and strategists warn that the "disruptor" status is hard to maintain for a century According to the Zhitong Finance APP, Fundstrat economist Hardika Singh stated that Alphabet (GOOGL.US) has decided to raise funds for its artificial intelligence capital expenditures by issuing $100 billion in Century Bonds, representing a "huge bet" on a technology that is only three years old. The bond issuance was oversubscribed by 10 times, but this has led to comparisons with other companies that have historically issued century bonds, most of which ultimately faced significant challenges or complete failure. Singh pointed out that Alphabet's actions stand in stark contrast to historical century bond issuers. "Google itself is only 28 years old... and Google is placing a huge bet on this technology with this $100 billion bond issuance," she said, adding that previous issuers of century bonds were typically older, more established companies, which she described as "the 'baby boomer' enterprises of that era." Singh cited historical examples to illustrate the risks involved. JCPenney issued a 100-year bond in the late 1990s and declared bankruptcy 23 years later, leaving creditors with nothing. General Motors (GM.US) also had a painful experience with long-term debt. This raises the question: does the issuance of such bonds signify that a business model is at its peak, or does it indicate that it is building momentum? Singh believes the core issue is whether Alphabet can maintain its dominance over such a long time span. "I think the key question is whether, as a company, you can continuously disrupt your own field and achieve self-reconstruction? Because (100 years) is indeed a very long time," she explained. Despite these concerns, the astonishing demand demonstrated by this bond issuance indicates that investors have not given up on big tech companies. Singh acknowledged that while these companies may have lost their "cult-like (elevated) status," the oversubscription proves the market's continued confidence in their ability to deliver returns. Given the significant proportion of large tech companies in major indices, this has important implications for the broader market. Singh questioned whether the market can continue to push toward historical highs if these major players (especially in what she calls the "software stock dilemma") cannot rebound. For long-term bondholders such as insurance companies and hedge funds seeking high convexity, the ultimate success of this bond issuance entirely depends on whether Alphabet can maintain its status as a disruptor for future generations ### 相关股票 - [Alphabet - C (GOOG.US)](https://longbridge.com/zh-CN/quote/GOOG.US.md) - [Alphabet (GOOGL.US)](https://longbridge.com/zh-CN/quote/GOOGL.US.md) - [Roundhill GOOGL WeeklyPay ETF (GOOW.US)](https://longbridge.com/zh-CN/quote/GOOW.US.md) - [Direxion Daily GOOGL Bull 2X Shares (GGLL.US)](https://longbridge.com/zh-CN/quote/GGLL.US.md) - [Direxion Daily Googl Bear 1x Shares (GGLS.US)](https://longbridge.com/zh-CN/quote/GGLS.US.md) ## 相关资讯与研究 - [Is This the Bottom for Alphabet Stock's Dip in 2026?](https://longbridge.com/zh-CN/news/281260428.md) - [Acropolis Investment Management LLC Sells 1,995 Shares of Alphabet Inc. $GOOGL](https://longbridge.com/zh-CN/news/281676919.md) - [Insig AI Plans Growth Drive and Eyes Nasdaq Dual Listing](https://longbridge.com/zh-CN/news/281311983.md) - [After Losing $700 Billion in Market Cap, Is Alphabet Stock a Buy?](https://longbridge.com/zh-CN/news/281687878.md) - [Alphabet vs. Amazon: Both AI Stocks Have Been Hammered, but One Looks Like a Better Buy Now](https://longbridge.com/zh-CN/news/281107288.md)