Oct 30 Update

Google and Amazon reported.  The legacy businesses (search for Google and retail for Amazon) underperforming.  AI investments are using up capital/cash. 

Negative free cash flow (FCF) for Amazon and Google.  There are questions and concerns over how quickly these AI investments will generate returns. 

Intel terrible guidance.  Will have negative FCF in 2027.

Mag 7 lost $4 trillion of value recently. 

Google down 12% yesterday.  Servicenow down 27% yesterday

Intel down 27% today.