Alphabet's Price-to-Fundamentals Mismatch Just Got Better as Institutions Sour on Capex Alphabet's Price-to-Fundamentals Mismatch Just Got Better as Institutions Sour on Capex - 24/7 Wall St. Institutions bailed on Alphabet after a capex report that looked like a cash bonfire, but one metric buried in the quarterly filing tells a completely different story about where this spending actually lands. By Alex Sirois Published October 29, 2026, 7:15am ET · 3 min read Quick Read © Justin Sullivan / Getty Images A ...