GOOGL cloud revenue doubled but FCF negative and slid after hours confirms AI spending unsustainable - after SpaceX firs…
GOOGL cloud revenue doubled but FCF negative and slid after hours confirms AI spending unsustainable - after SpaceX first time profitable vs Tesla Meta opposite budget calls, GOOGL burning cash like OpenAI, Microsoft rise on Azure growth can’t hide bubble. Chip index rose second day after SK Hynix sold out till 2029 will reverse. Fed held with two votes for hike is hawkish hold - after two banks flipped to Oct hike call on hot CPI PPI, 2 votes for hike means Powell almost hiked, risk off for memory and REITs.
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