The demand still outpaces that investment," Ashkenazi said in justifying the increased spending plans.Revenue at Google Cloud rose +82% to $US24.8 billion during the quarter ended June, driven by strong demand from AI-hungry enterprises worldwide. Analysts on average expected a 64% increase, according to data compiled by LSEG.Advertising revenue came in at $US81.6 billion compared to estimates of $US81.1 billion. Total revenue for the quarter was $US119.8 billion, beating the consensus estimate of $US116.9 billion.But, adjusted profit per share of $US2.85 fell slightly short of Wall Street projections of $US2.89. And the company reported negative free cash flow for the first time in its history, burning $US5.9 billion this quarter."After a negative cash flow quarter, the new raise in capex does not sit well for Alphabet," said Thomas Monteiro, senior analyst at Investing.com."The market's most reliable cash generators are now spending more than they bring in But capital has a real cost again, and the room for error is shrinking every quarter."- ReutersElon Musk's Tesla finished the regular trading day down -1.3%, but fell about -3% in after-hours trading once its second quarter earnings were released.Earnings for the quarter were at 31 cents per share, less than Wall Street predictions of 51 cents per share. Revenue was $US28.23 billion, higher than the expected $US25.71 billion.Here is a look at the market movement:Space Exploration Technologies Corp, better known as Elon Musk's SpaceX has seen shares plunge over recent days, as the company finished down the very bottom of the Nasdaq, down -6.7% The major exchanges across Wall St have all closed down