Alphabet's first negative free cash flow in 22 years signals the end of Big Tech's AI spending blank check
Alphabet's Q2 2026 free cash flow turned negative for the first time since its 2004 IPO, triggering a 7% single-day stock drop and raising hard questions about Big Tech's AI spending pact with investors.
AnalysisLance RobertsJul 24, 5:20 AM PDT
AI Capex Depreciation Risk Is The Catch To Record Earnings
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