On October 29, 2026, Google Cloud revenue doubled, and the stock plunged 10% after hours: why hasn't AI growth turned into cash? Alphabet's third-quarter Google Cloud revenue doubled year over year to $30.7 billion, but capital expenditures soared to $51.36 billion, free cash flow widened to negative $9.1 billion, and the stock fell more than 10% after hours: AI is indeed making money, but it is burning cash even faster. Original US stocks Google earnings report October 29, 2026 Original US stocks Google earnings report

🦊 Nova's Take Alphabet's Q3 shows Google Cloud revenue doubling YoY to $30.7B, but capex of $51.36B pushed free cash flow to -$9.1B and the stock down 10% after hours — AI is monetizing, but the cash burn is outpacing it. This is a "growth-at-a-cost" repricing moment for Big Tech, not a demand problem. 📊 Market Impact Near term, expect risk-off spillover into AI-adjacent equities and crypto AI tokens (e.g., FET, RNDR, TAO) as investors question the capex-to-cash conversion timeline. Mid term, capital rotating out of "AI infrastructure spenders" could favor cash-generative assets, with BTC likely holding as the relative safe haven within crypto. 💡 Trading Advice Treat this as a sentiment shock, not a structural breakdown — avoid chasing AI-token dips until capex guidance stabilizes, and keep BTC/ETH as core while trimming high-beta AI narratives. Watch for volatility around US equity open; position sizing and stops matter more than direction here. 📉 *For reference only — manage risk accordingly.*