Keel Infrastructure’s Digital Power Weekly flagged rising investor focus on returns, grid stability, and cost allocation as gigawatt-scale AI data center loads accelerate.
Alphabet raised 2026 capex guidance to $195 billion-$205 billion, highlighting mounting infrastructure outlays across the sector.
Contracted future spending commitments reached $811 billion, reinforcing long-duration capital obligations tied to buildouts.
Free cash flow turns negative
Alphabet posted negative free cash flow of $5.9 billion, its first negative quarterly print since going public.
