Tag: Alphabet
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Alphabet’s $205 Billion Capex: The Quarter the AI Build-Out Turned Cash Flow Negative
Alphabet beat on revenue with Cloud up 82 per cent, raised 2026 capex to as much as $205 billion, and printed its first negative free cash flow quarter of the AI era. Inside the market’s new arithmetic on the build-out.
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The IPO Window Reopens: A Record First Half and What Comes Next
Khan Capitals | July 2026 Key Takeaways Part of: Private Credit & Private Markets — Khan Capital’s hub on private credit and private markets. A Record First Half For two years the defining feature of private markets was a door that would not open. Companies that might have listed stayed private, sponsors could not exit,…
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Alphabet Joins the Dow: What the Verizon Swap Really Signals
Khan Capitals | July 2026 Key Takeaways A 130-Year-Old Index Bows to Big Tech When Alphabet joins the Dow, it is tempting to treat the event as ceremonial, a line in a benchmark that few funds track directly. That reading understates it. The Dow Jones Industrial Average is the oldest and most widely quoted equity…
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The Apple Siri Gemini Deal: Renting the Model, Defending the Platform
Khan Capitals | June 2026 Key Takeaways Part of: The AI Infrastructure Supercycle — Khan Capital’s hub on the AI infrastructure build-out. A Record High, Then a Verdict For most of the past two years, every Apple set-piece event has functioned less as a product launch and more as a referendum on a valuation. The…
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AI Capex Hits $725bn: Wall Street Splits on the Hyperscaler Trade
Khan Capitals | May 2026 Key Takeaways Part of: The AI Infrastructure Supercycle — Khan Capital’s hub on the AI infrastructure build-out. A Capex Cycle Without Modern Precedent The last week of April delivered the clearest read yet on what the AI build-out actually costs at scale. Microsoft, Alphabet, Meta and Amazon all reported within…