AI spending pushes Alphabet into cash‑flow negative, triggers market panic
Alphabet’s latest quarter turned cash‑flow negative for the first time, as AI‑driven capex outpaced earnings and forced a 7% stock plunge—the steepest drop since the tariff‑selloff. The spending surge is echoing across the Mag7, sparking investor fear that AI hype may be draining cash faster than profits can keep up.