BUSINESSJul 26 · 18:30 UTCFORTUNEJeran Wittenstein, Ryan Vlastelica, Bloomberg

Big Tech earnings slam into a market in revolt over AI spending

Alphabet Inc. shares fell over 7% after reporting negative free cash flow and increased 2026 capital expenditures, signaling a market shift against high AI spending. Other tech giants like Microsoft and Meta also face investor skepticism as capital expenditures rise, with the Magnificent Seven index dropping 4.8% following Alphabet's report.

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Alphabet Inc.organizationMicrosoftorganizationMeta Platforms Inc.organizationAppleorganizationAmazon.com Inc.organizationNvidiaorganizationTeslaorganizationMicron TechnologyorganizationAdvanced Micro DevicesorganizationAItopicCapital Expenditurestopic

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