Google just reported something it had never reported in its entire history as a public company: Negative quarterly free cash flow. Not a small decline, either: $5.9 billion. From Japan to Thailand, China and the United States, the boom is producing some enormous numbers. What it is NOT producing—at least for the foreseeable future—is the real story.

Eurodollar University's Money & Macro Analysis

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https://www.reuters.com/world/china/chinas-june-trade-tops-forecasts-buoyed-by-ai-boom-2026-07-14/
https://finance.yahoo.com/video/chip-stocks-fight-to-rebound-as-semiconductors-slip-into-bear-market-135658468.html
https://www.instagram.com/reel/DUa50unFSzj/?hl=en
https://www.facebook.com/FastMoney/videos/memory-surge-squeezes-mega-caps/990228643625342/
https://www.instagram.com/reel/DRCybx2EcKk/
https://finance.yahoo.com/video/metas-data-center-costs-are-skyrocketing-heres-what-you-need-to-know-203416070.html
https://www.bloomberg.com/news/newsletters/2026-07-22/the-ai-export-boom-that-wasn-t
https://www.cnbc.com/2026/07/23/tesla-tsla-alphabet-googl-stock-today.html
https://www.youtube.com/watch?v=O9tBCe-vR7o
https://finance.yahoo.com/video/earnings-negative-cash-flows-make-big-tech-more-economically-sensitive-140918058.html
https://www.bbc.com/news/articles/c235n47g8g8o

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Twitter: https://twitter.com/JeffSnider_EDU

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