Meta, Microsoft Worry Investors With AI Spending Splurge скачать в хорошем качестве

Meta, Microsoft Worry Investors With AI Spending Splurge

Mark Mahaney, head of internet research at Evercore ISI, said that a lack of answers around the future of AI products is prompting nerves in Meta and Microsoft investors as the companies ramp up capex spending on artificial intelligence and data center construction. The largest technology companies are betting on an AI future powered by gigantic data centers filled with humming servers. Now that the staggering cost of this push is coming into sharper focus, it’s testing nerves on Wall Street.  Three bellwethers from different corners of the technology world – Alphabet Inc., Meta Platforms Inc. and Microsoft Corp. — together racked up some $78 billion in capital expenditures last quarter. That’s up 89% from a year earlier. Most of that cash was destined for data center construction and graphics processing units and other gear to fill them. Each increased their forecasts for future outlays. That was enough to rattle investors conditioned to expect enormous spending.  Meta warned that 2026 spending would be “notably larger” than in 2025. And on Thursday, it’s looking to sell at least $25 billion of investment-grade bonds, Bloomberg reported, underscoring the social media company’s appetite for borrowing. Meta shares tumbled as much as 14% after markets opened in New York, their worst intraday decline in 18 months. Microsoft fell as much as 2.5%. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X:   / bloombergradio   Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts:    / bloombergpodcasts   Bloomberg Television:    / @markets   Bloomberg Originals:    / bloomberg   Quicktake:    / @bloombergquicktake