Tech giants show mixed results from massive AI infrastructure spending

South China Morning Post—Meta's forecast includes $130B+ in 2026 capex and an $8B cash-flow hit, shares fell 11% … Alphabet posted negative free cash flow last month for the first time

• South China Morning Post — As AI spending soars, can China’s tech giants deliver long-term profits?
• Semafor — Meta's forecast includes $130B+ in 2026 capex and an $8B cash-flow hit, shares fell 11% … Alphabet posted negative free cash flow last month for the first time