WS #12783
Alphabet's Q2 shows record cloud growth (+82%) and 950M Gemini users, but first-ever negative cash flow of $5.9B and $43.8B in AI data center backstops spook investors. Bond traders see rising odds of Fed rate hike this week as oil prices and inflation fears push Treasury yields to multi-month highs.
Alphabet/GOOGL AI Spending Divergence
Alphabet's Q2 shows record cloud growth (+82%) and 950M Gemini users, but first-ever negative cash flow of $5.9B and $43.8B in AI data center backstops spook investors.
Bond traders see rising odds of Fed rate hike this week as oil prices and inflation fears push Treasury yields to multi-month highs.