Google is trading 6.6% down today at ARS 8,720 as record AI-related capital spending and a rare cash deficit weigh on investor sentiment.
- Alphabet reported its first cash deficit in over a decade, sparking significant concerns regarding the company's long-term free cash flow.
- Despite the selloff, the Q2 2026 earnings showed strong overall revenue and continued rapid growth within the Google Cloud division.
- Broader tech sector pressure is amplifying the decline as investors increasingly question the near-term returns on massive AI infrastructure investments.