Buy GOOG by Oct 24, 2026.

**TL;DR** * **Negative FCF**: Google booked negative quarterly free cash flow of about **-$5.9B** after **\~$45B** of capex in a single quarter * **The Big Shift**: Starting this quarter, Google began selling its TPU chips to outside data centers * **Cloud Surge**: Google Cloud revenue jumped **\~82%** to **\~$25B**, and signed backlog is now **\~$520B** (almost all of it Cloud) * **Nvidia Challenger**: For a decade (since May 2016) TPUs were Google's private weapon. Now they're selling them! \----------------------------------- Understandably, …