Alphabet Negative Free Cash Flow: What’s Really Happening
Alphabet posted its first negative free cash flow quarter since its 2004 IPO, even as revenue grew 24% and profit beat estimates. Here’s why, and what it signals about the AI spending race.
Insights, Analysis, and Perspective on Wall Street.
Alphabet posted its first negative free cash flow quarter since its 2004 IPO, even as revenue grew 24% and profit beat estimates. Here’s why, and what it signals about the AI spending race.
South Korea’s KOSPI stock index has plunged in its worst two-day decline on record after SK Hynix earnings disappointed investors already worried about AI stock valuations.
Visa plans to cut about 2,600 jobs, or 7% of its workforce, as CEO Ryan McInerney points to AI as a factor reshaping how work gets done at the payments giant.
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