This article first appeared on GuruFocus.
Alphabet (NASDAQ:GOOGL), Google’s search, cloud and artificial-intelligence powerhouse, is directing at least 13 billion, or roughly $15.1 billion, into Finnish AI infrastructure over the next two years. Shares gained about 0.1% to $331.27 in Thursday morning trading.
The buildout covers three data centers in northern Finland that will power Gemini, Search, Maps and YouTube. Google is also adding batteries and grid upgrades while locking in a 22-year agreement for up to half of a Finnish nuclear plant’s electricity. It marks the company’s first nuclear-energy deal outside the United States.
The Finnish commitment represents roughly 7.6% of Alphabet’s $200 billion global capital-expenditure midpoint. The valuation snapshot shows the stock trading 29.45% above its $255.90 GF Value, signaling a substantial premium. The real prize may be the power contract: AI hardware can arrive quickly, but dependable electricity is becoming the industry’s hardest asset to secure.
