Cracks emerge in Big Tech's AI spending boom as stocks slide
Read original source →techcrunch.com
Alphabet, Amazon, Meta and Microsoft plan over $740B in capex this year, with Alphabet alone guiding up to $205B after a $9.1B negative free cash flow quarter. Nasdaq fell 2.9% Friday; Alphabet dropped 12% Thursday, its worst day on record, erasing $500B in market value.
How this story unfolded
8 days · 8 reports · 1 community post · from Oct 22
- Oct 22
- Oct 25
- Oct 29
- Oct 30
Big Tech’s $750 Billion AI Bet Collides With Slowing Core Growthbloomberg.com
Tech giants need legacy businesses to keep growing as they pour trillions into the AI buildoutcnbc.com
Big Tech Holds $3 Trillion in Spending Commitments for AI Boombloomberg.com
Cracks are emerging in the AI spending boomtechcrunch.com
Tech stocks set to wipe out more than $1 trillion as concerns deepen about the AI boom
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