Alphabet reported strong Q2 revenue growth driven by its Search and Cloud businesses, with operating income rising 30% to $40.8 billion. However, free cash flow turned negative due to a sharp increase in capital expenditures, which hit $44.9 billion. The company raised its 2026 capex guidance to $195-$205 billion and expects further increases in 2027, with contractual commitments now exceeding $800 billion. This has led to concerns about cash flow pressure and capital intensity, prompting a downgrade to hold by an analyst who also sold his shares after nearly a decade of bullishness.
Pomerantz LLP is investigating Alphabet Inc. for possible securities fraud after delays in launching its AI model Gemini 3.5 Pro and disappointing financial results. The delays and a $5.9 billion negative free cash flow announcement led to significan...
The US is drafting a ban on importing Chinese optical transceivers to prevent security risks in data centers, causing shares of networking companies like Lumentum, Coherent, and Ciena to rise. CoreCivic secured a five-year contract with ICE to operat...
Amazon's strong Q2 earnings and brief crossing of the $3 trillion market cap mark underscore the growing importance of AI infrastructure and hyperscale cloud computing. Alongside robust results from Microsoft and Alphabet, these developments indicate...
