Sentiment: Positive
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Is Big Tech Burning Too Much Cash on AI? Alphabet and Tesla Just Made Investors Ask That Question
By Trader Edge at 2026-07-23 14:19
Sentiment: Positive
TLDR The Nasdaq fell more than 2.5% on Thursday, dragged down by Alphabet and Tesla Alphabet posted its first-ever quarterly free cash flow burn, spending $44.9 billion on capex in Q2 Tesla shares fell 13.5% after weak margins and $5.8 billion in quarterly capex spending Big Tech stocks including Amazon, Meta, and Microsoft also fell [...] The post Is Big Tech Burning Too Much Cash on AI? Alphabet and Tesla Just Made Investors Ask That Question appeared first on CoinCentral. Continue reading...
Categories: Stocks
Tags: #Stocks
Source Coin Central