Google and Tesla lost half a trillion dollars this week as their suppliers cashed in: Chart of the Day
Wall Street reassessed its positioning in artificial intelligence investments this week, with major tech companies that have been spending heavily on AI infrastructure experiencing significant declines while their suppliers rallied sharply.
Alphabet led the declines despite strong operational performance, with revenue growth of 24% and cloud business expansion of 82%. However, the company’s capital expenditures doubled to nearly $45 billion, pushing free cash flow below zero for the first