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Meta could spend as much as $145 billion on AI this year.


Then on Thursday, power stock GE Vernova plunged 10.6% in a single day.
Why are power stocks getting hammered when their biggest customers are spending so aggressively?
Because the market isn’t worried about how much Meta is spending, but whether it can afford it: free cash flow has turned negative, and credit default insurance hit a record high.
Are the orders still there? GE Vernova’s earnings report on 10/28 will tell.
#Meta #AI #USStocks
For news interpretation only; not investment advice.
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PeiFang
7 hours ago
Waiting in the front row for updates 🙌
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WantToSeeSharksFlyToTheSky
8 hours ago
Camping in the front row for updates 🙌
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AllinExpert
8 hours ago
Front row, waiting for updates 🙌
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GateSquare
9 hours ago
First Review
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