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Meta beat revenue forecasts, but a $135 billion to $145 billion spending plan and its first negative quarterly free cash flow in years rattled investors. Here is what the numbers mean for the AI race.
AI-linked stocks slid on October 22 as Meta's new share class and rising spending raised fresh doubts about who pays for the AI buildout. Nvidia fell about 4% and the Nasdaq lost 2.6%.
Meta is creating a non-voting Class C stock as AI spending pushes its free cash flow negative. The new shares give it a way to raise money without touching Mark Zuckerberg's control.
The Bank for International Settlements (BIS) warns that extraordinary AI spending by major technology companies could lead to a severe investment correction if commercial returns fail to meet expectation
Global artificial intelligence spending is projected to approach $1 trillion in 2026 as major technology firms rapidly expand AI infrastructure. Economists now warn that the unprecedented surge in AI inv
Corporate AI budgets are projected to nearly double year-on-year as executives prioritize automation and operational efficiency to navigate a volatile 2026 global economy, shifting from experimental pilo
