πΈ Alphabet $GOOGL drops 4.5% β raises 2026 capex to $195-205B, free cash flow turns negative
Alphabet crushed revenue in Q2 (up 24% to $119.8B, Google Cloud +82% to $24.8B) but the stock is sinking premarket after the company hiked its 2026 capex forecast to $195-$205B β up from last quarter's $180-$190B guide β and Q2 free cash flow went negative. Management says AI demand is supply-constrained and 2027 spending will increase significantly. Will this AI arms race eventually pay off, or is the market right to worry about the cash burn? Not financial advice.
β‘ 19 buzzing
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