Google sales miss reignites AI fears as Microsoft eyes $25B bond offering

Weak search and ad sales at Alphabet triggered a record market cap wipeout and fresh fears that AI is eroding Google's core business. Microsoft is tapping the bond market for the first time since 2017, seeking at least $25 billion to fund AI cloud growth.

• Weak Alphabet search and ad sales drove a record market cap loss
• Microsoft seeks at least $25 billion in a bond offering
• It is Microsoft's first bond sale since 2017
• Proceeds will support soaring AI cloud spending