“Situational Awareness' Collapse, Big Tech Earnings & The Fed”
Alphabet is a strong holding; despite recent market punishment over capex and cash flow, the stance is to buy more and not sell.
But the pattern that should concern you is that last week Alphabet Google right reported their first ever negative free cash flow quarter as a company negative $5.8 billion after their capital expenditures doubled year-over-year to $45 billion spent in a single quarter company.
They raised their 2026 capex guidance to between$1.95 and $25 billion, right? They're they are telling investors, we're going to go spend $200 billion in cash and reinvest it into our business to go build these, you know, data centers and like it's $200 billion. It's just unbelievable.