Alphabet loses $475B as AI spending pushes free cash flow deeper into the red

Alphabet (GOOGL) lost about $475 billion in market value according to its earnings results on October 28. Its third-quarter revenue increased by 25% to $127.6 billion. However, even after a huge AI infrastructure bill, free cash flow slipped into the red. Investors want to know when the spending will pay off. A booming quarter that...