Google Goes Cash Flow Negative for First Time Since 2004, Is Apple the Anti-CapEx AI Trade?
Alphabet Inc. (NASDAQ: GOOGL ) burned more cash than it generated last quarter for the first time since its 2004 IPO, and Wall Street reacted by handing the stock its worst day in over a year. Google lost roughly the market cap of Palantir (NASDAQ: PLTR ), despite Google Cloud revenue reportedly surging 82%, a sign of