
🚨 $GOOGL PLUNGES OVER 12% WHILE $MSFT HOLDS STEADY AS AI COSTS SHOCK MARKETS Alphabet shares tumbled after Q3 earnings revealed $9.07 billion in negative free cash flow, while Microsoft remained largely flat despite its massive AI investments. Microsoft spent $45.2 billion on capital expenditure, below forecasts, and still generated $18.63 billion in free cash flow. Alphabet's spending exceeded its operating cash generation. The real dividing line in Big Tech is shifting from AI growth to cash generation. Investors are rewarding companies that can fund expansion without draining their cash reserves.