Alphabet turns cash negative on AI
Alphabet experienced a 10% stock drop in after-hours trading following a third-quarter earnings report that missed Wall Street expectations for both overall revenue and core advertising sales. Despite total revenue climbing 25% to $127.6 billion and Google Cloud revenue doubling to $30.7 billion due to massive artificial intelligence demand, investors grew increasingly anxious over mounting financial pressures. The company reported a negative free cash flow of $9.1 billion, driven by unprecedented infrastructure investments and a significant investment loss largely tied to SpaceX shares…
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