Google AI Spending Hits $205 Billion as Cash Flow Turns Negative

Alphabet: No FCF Pain, No Compute/Advertising Gain; SpaceX Gains Create Noise

Alphabet's Q2’26 FCF fell on AI CapEx, but cloud backlog and a strong balance sheet support upside to $431.70. Click here to read more on GOOG.

Alphabet's Projected $205 Billion Capex Can Lift These 3 AI Stocks

Cipher Digital, Micron, and Broadcom all look poised to be big winners as Alphabet continues to boost its capex budget.

Google AI Spending Hits $205 Billion as Cash Flow Turns Negative

Google AI spending could reach $205 billion in 2026 after Alphabet raised its capital expenditure range by $15 billion at the midpoint. The increase followed a quarter in which revenue grew 24% to $119.8 billion and Google Cloud revenue accelerated 82% to $24.8 billion. Those results provide unusually strong evidence that AI infrastructure demand is real. They also produced Alphabet’s first negative free cash flow quarter, with $44.9 billion of …

Google reports negative free cash flow amid AI spending spree

Google made nearly $120 billion in earnings last quarter. Somehow, that still was not enough to cover what the company is pouring into AI. This Tweet is currently unavailable. It might be loading or has been removed. Alphabet, Google’s parent company, announced Wednesday, July 22, that it recorded negative free cash flow of $5.9 billion for the second quarter of 2026, marking the first time that figure has fallen below zero since the company wen…

Alphabet Just Proved the AI Spending Panic Is Overblown

Wall Street’s been having a meltdown about Big Tech’s AI spending spree, but Alphabet just dropped a reality check that should make everyone chill out. Here’s what happened: Alphabet crushed Q2 earnings with 24% revenue growth, Google Cloud revenue rocketed 82%, and operating margins hit a beefy 34%. But the real headline? They’re doubling down on AI infrastructure. Capex jumped to $44.9 billion for the quarter, and they’re raising their full-ye…