Technology
Investor Patience Wanes as Big Tech's $740B AI Spending Hits Cash Flow
Alphabet, Amazon, Meta and Microsoft plan over $740 billion in capex this year, but negative free cash flow and $326 billion in debt are testing investor patience.
Alphabet
Follow Alphabet through LedgerWire reporting. 3 reports with clear summaries and linked sources.
Latest in this topic
TechCrunch reports that after Alphabet, Amazon, Meta and Microsoft outlined more than $740 billion in capital expenditures this year, investors are growing uneasy about AI infrastructure spending. The Nasdaq fell 2.9% Friday and chip stocks declined, while Alphabet posted negative free cash flow of $9.1 billion for the third quarter.
Investor Patience Wanes as Big Tech's $740B AI Spending Hits Cash Flow ↗
Markets
Alphabet shares drop as Q3 profit falls 25% on SpaceX stake loss
The Guardian reports Alphabet's Q3 net profit fell 25% to $26.2bn, missing forecasts, while revenue rose 25% to $127.6bn; shares fell double digits.
Markets
Alphabet sheds $500bn as AI search costs hit ad revenue
Alphabet lost over $500bn in market value as AI search summaries cut ad sales; Amazon and Microsoft also reported heavy AI spending.