Alphabet's $180-190 billion AI capex plan and $80 billion equity raise trigger overbought warnings, with ripple effects reaching Bitcoin miners

Big Tech's $600 billion AI spending spree faces scrutiny as Alphabet, Microsoft, Meta, and Amazon report earnings, with Bitcoin miners also pivoting to AI.

Alphabet increases AI infrastructure spending to $190B for 2026. Alphabet as second-largest company by market cap on July 31 at 4.5% YES.

Record Google Cloud revenue, but investors are uneasy about growing capex commitments