Google dropped 5.29% this week, closing around $306. The whole Mag 7 group is now negative year-to-date. The main driver is the heavy spending guidance - they're projecting $175-185 billion in CapEx for 2026 for AI infrastructure. They issued $20 billion in bonds to help fund this and announced a $10 billion data center in Kansas City. On the regulatory front, the EU approved the $32B Wiz acquisition, but they're facing new antitrust complaints regarding AI Overviews. Market seems worried about the cash burn required to keep up with Microsoft and Amazon.