Alphabet says it plans to throw even more money at the AI build-out. The Iran war, oil back at $100 a barrel and rising bond yields make it all the more difficult for the market to stomach.
Alphabet's cash burn raises alarm for Big Tech as AI spending climbs ReutersGoogle's extreme AI capex spending plans trigger a technical warning on the stock price Yahoo FinanceGoogle just had its first negative cash flow quarter ever due to massive AI spending Ars TechnicaThe Metric Spooking Investors in Tesla's and Google's Earnings WSJ
Prophet Capital Asset Management LP, an investor in loans and structured credit securities hit by recent market turmoil, plans to temporarily block withdrawals from one of its hedge funds and...