Original post
Derek Thompson#322
Derek Thompson#322
zerohedge@zerohedge
Reminder that except for MSFT, all the Mag 7s are now cash flow negative
11:26 AM · Jun 5, 2026 · 276.1K Views
All Magnificent Seven tech firms except Microsoft have transitioned into negative free cash flow
Stanford's Erik Brynjolfsson says this reverses historical cash-hoarding trends
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Many users welcomed Mag 7 firms shifting cash into heavy investment as smart growth, while others called reports inaccurate or accused companies of fraud over negative cash flows.
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Neg
67.8%
21 comments with sentiment.
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Erik Brynjolfsson@erikbryn
I'm old enough to remember when the complaint about big companies was that they were hoarding cash or using it for stock buybacks, instead of investing in future growth.
zerohedge@zerohedge
Reminder that except for MSFT, all the Mag 7s are now cash flow negative
1dViews 11KLikes 73Bookmarks 8
LIKES90
TheAlphaLetters@TheAlphaLetters
Two problems here That's not the Mag 7, it's five names including Oracle, which isn't one, and it omits Apple, Nvidia, and Tesla. Nvidia alone throws off huge positive free cash flow and isn't even on the chart. And this is free cash flow, not cash flow, operating cash flow is still strongly positive, the deepest negatives are forecasts. That said, the compression is real: capex is eating most of operating cash flow now. The honest question / headline is whether the capex earns its return, not whether they're cash flow negative.
1dViews 3.7KLikes 90Bookmarks 3
Chief_Engineer@ChiefEngineerCE
@zerohedge @Undergroundcou1 My first hunch-
Bad assumptions by Financials.
None of them predicted this.
1dViews 842Likes 22Bookmarks 2
Migo@ReiteConMig0
@zerohedge The rise and fall of cash flow
1dViews 1.8KLikes 10Bookmarks 2
David D. Tawil@DavidDTawil
@zerohedge You're missing $AAPL and $NFLX . And where on Earth did $ORCL come from?
1dViews 1.8KLikes 34
Wayne Enterprises@wayneterprises
@zerohedge $NVDA is cash flow positive?
1dViews 2.4KLikes 13
Dr.Doom@bulbz_fun
@zerohedge meta going from the biggest red bar on the chart to bleeding cash while btc is also getting walked down to $60k - nothing is safe in this rotation and the AI capex bet is eating everyone alive
1dViews 3.2KLikes 2Bookmarks 1
DT@Dtatrader
@zerohedge but the graph shows META and GOOG is also positive??
1dViews 1.8KLikes 8
Messenger | Exile@Aethelleas
If Warren Buffet wanted to save America, he would cut a deal whereby he co-invested the the MAG 7's in a set of investments that would blanket the country with Data Centers, suck our water supplies dry, and burn out our energy grid to a smoking husk.
Which would save a lot of these companies from Suicide By Prometheist-Pageant AI-Grifting.
And he would bring the whole Global Oligarchy into it together, but with his own wealth and the personal wealth of the greatest Oligarchs put at center.
So that they would risk everything - irreversibly.
And then after the signatures had dried and the debt been printed - pull the plug on the whole thing. And issue a statement to the effect:
"To Save America, you don't have to Burn It All Down. You just have to Burn Some Of It Down. But I know you can't do that. However, I can - and I have. I hope by giving away my wealth to Save America, I have given back everything this Mankind's Greatest Country On Earth and in human history - blessed by our Creator - has given to me."
I mean, Trump convinced everyone of the "Saviour Billionaire" route - then burnt 10 years on it just to return us to the 2016 Global Coalition of National Deep State Oligarchs. So there is now a unique opportunity for the greatest oligarchs of our time to Save The West; and crash the Empire to return us to The Age Of Republics.
1dViews 463Bookmarks 1
Ollie Helsby@OHelsby41523
@zerohedge Is Apple no longer apart of the MAG7? They have done $130 billion in FCF this past 12 months.
1dViews 412Likes 8
Jamie@james_tackett1
@zerohedge NVIDIA continues to generate massive positive operating cash flow and free cash flow (FCF), even with significant capital expenditures for growth (e.g., AI infrastructure, R&D, and facilities).
1dViews 417Likes 3
Mark Hart@GT97322191
@zerohedge $AAPL at $139 Billion bruh
22hViews 128Likes 7
Josh Hunt@Bouje99
@TheAlphaLetters @zerohedge Exactly. And all that remains to be seen over the next 5 years or so.
1dViews 137Likes 2
MentalIronAdvisory@MentalIronTrade
@zerohedge Apple, too? Tesla I could believe
1dViews 1.3KLikes 4
FortKnox@_Fort_Knox
@zerohedge AAPL printing money as usual
1dViews 271Likes 5
Wayne Enterprises@wayneterprises
@Paper_hands92 @zerohedge yea
1dViews 226Likes 1
EverythingElon@MAduroshak47673
@zerohedge Look closely at the chart labels. That isn’t showing cash flow negative for the individual companies,it a stacked chart of trailing 4quarter free cash flow. The total sum is declining due to massive AI Capex spend, but Apple, Meta, and Google still print billions in positive FCF
1dViews 2KLikes 3
@zerohedge AAPL????
1dViews 174Likes 1
Kody@kodyjd
@TheAlphaLetters @zerohedge Nvidia is giving companies money to buy GPUs and counting that as revenue. There's a long way to go.
1dViews 161Likes 1
TheAlphaLetters@TheAlphaLetters
Real concern, worth sizing though. The circular deals exist, Nvidia's stakes in OpenAI, CoreWeave and others, and some of that does cycle back into GPU buys. But the bulk of revenue is hyperscalers spending their own operating cash flow, not Nvidia's money. So it's a quality of revenue question on a slice, not the whole engine. The thing to watch I think is what share is circular and whether it's growing
1dViews 152Likes 1
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