The Great AI Stock Divergence: Net Income Aplenty, Free Cash Flow Not So Much

                                                         Top 9 AI Stocks

Net income Free cash flow
2019:2 34.0B 37.9B
2026:2 328.6B 46.1B
CAGR, 2019:2-2026:2 38.3% 2.8%
Current Market Cap 24.14T 24.14T
Implied multiple, at 4x the 2026:2 rate 18.4x 131.0x
The nine are Microsoft, Amazon, Alphabet, Meta, Nvidia, Broadcom, AMD, TSMC, and Oracle.