Arabic version: إنفاق ألفابت وتسلا يثير تساؤلات بشأن عوائد الذكاء الاصطناعي

According to Cnbc, Alphabet and Tesla shares fell after the companies reported higher spending plans and negative free cash flow in the second quarter, despite better-than-expected revenue. Tesla shares slid 4% after hours and Alphabet fell more than 3%.

Alphabet raised its full-year capital-expenditure forecast to $195 billion to $205 billion, from prior guidance of $180 billion to $190 billion, and warned that spending would be higher in 2027. Its second-quarter capex was $44.9 billion, largely for infrastructure supporting its AI buildout. Free cash flow fell to negative $5.9 billion after nearly $25 billion a year earlier.

Google Cloud revenue jumped 82% from a year earlier, while cloud margins expanded and Gemini usage accelerated. Mizuho analysts said the capex increase was broadly anticipated and cited the cloud-revenue surge as a positive factor.

Tesla reiterated expectations for more than $25 billion in capital expenditures this year. Its second-quarter capex rose 142% to $5.79 billion as it increased investment in self-driving technology, AI and robotics. Free cash flow turned negative $1.1 billion, compared with $146 million a year earlier.

Chief Executive Elon Musk said Tesla should spend on capex “as fast as we can spend” without being too wasteful. The company is retooling factories for its two-seater driverless Cybercab and Optimus humanoid robots, while preparing to begin construction of an AI chip-manufacturing plant in Texas.