Alphabet, Google's parent company, reported negative $5.9bn free cash flow for the first time in a decade, driven by escalating spending on artificial intelligence infrastructure.

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

Google reports negative cash flow due to AI spending, raising capex forecast as infrastructure costs rise.