Big Tech's AI spending boom shows cracks as stocks sell off
Read original source →techcrunch.com
Alphabet, Amazon, Meta and Microsoft plan at least $720B in capex this year, mostly AI infrastructure, on top of $1T+ in future commitments. Alphabet posted negative free cash flow of $9.1B in Q3 and fell 12% Thursday, its worst day on record, wiping out $500B in market value.
How this story unfolded
2 weeks · 8 reports · 3 community posts · from Oct 22
- Oct 22
- Oct 29
- Oct 30
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
- Oct 31
- Nov 3
- Nov 5
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