#gambling-stocks

#gambling-stocks

Sending markets lower, Alphabet ( NASDAQ: GOOG) projected a significant increase in AI spending, calling for capex of $185 billion. That was enough to spook investors because it raises free cash flow concerns. Also, according to Deutsche Bank, Alphabet "stunned the world" with its capex spending plan. "With tech in a current state of flux, it's not clear whether that's a good thing or a bad thing," added the firm, as quoted by CNBC.