free cash flow

Nvidia’s easy ride is over, and the bulls have split three ways

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The old rule is breaking For two years Nvidia became one of the most watched tech names on a simple premise: as long as Microsoft, Google, Amazon and Meta kept buying chips, servers and equipment, the upstream supplier kept benefiting. The market watched how much these buyers pledged to spend, because more spend meant more … Read more

Google and Tesla just posted negative free cash flow. The AI bill is coming due

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The numbers Both companies turned free cash flow negative for the first time. Google’s was minus 5.9 billion dollars, its first negative since the 2004 IPO. Tesla’s was minus 1.1 billion, its first in about two years. The driver is capital expenditure: Google’s second-quarter capex doubled to 44.9 billion dollars, nearly 5 billion a day, … Read more