According to the Barclays Research Report, after Google announced its financial report for the second quarter of 2026, Barclays sharply raised Google's capital expenditure forecast for 2027 to 350 billion US dollars and further raised to 500 billion US dollars in 2028, all exceeding 100% of operating cash flow during the same period, which means that Google will continue to be in a negative state of free cash flow for the next two years.

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