Alphabet Jumps 9% Despite Negative Cash Flow as US Stocks Trade Near Record Highs
Updated
Updated · Bloomberg · Aug 6
Alphabet Jumps 9% Despite Negative Cash Flow as US Stocks Trade Near Record Highs
3 articles · Updated · Bloomberg · Aug 6
Summary
Alphabet shares have climbed more than 9% since July 22, when Google’s parent reported negative quarterly cash flow for the first time as a public company.
Meta has also held up, trading slightly above its July 29 level even after posting its weakest free cash flow in nearly four years and facing projections for negative cash flow through the rest of 2026.
US equities are still hovering near record highs, suggesting investors remain willing to fund the AI trade despite deteriorating cash generation at some of its biggest beneficiaries.
The rebound after a brief selloff reinforces a market view that growth and AI positioning currently matter more than near-term cash flow strain at Big Tech.