That seems like a very desperate move, apparently they are running out of money.
So, if you invest a lot of money now, you need to be sure Alphabet will still exist in a century. If they need money this urgently today, question is if they still exist in 5 years though. They might go down when the AI bubble bursts.
Unlikely? That's also what people thought of Lehman Brothers...
Ars Technica wrote:Alphabet selling very rare 100-year bonds to help fund AI investment
Alphabet becomes first tech company to issue 100-year bonds in nearly three decades
https://arstechnica.com/gadgets/2026/02/alphabet-selling-very-rare-100-year-bunds-to-help-fund-ai-investment/?utm_brand=arstechnica&utm_social-type=owned&utm_source=mastodon&utm_medium=social(edited, apparently Ars has removed their toot)
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Google