Investors sell tech stocks as free cash flow falls and capex rises
FROM THE WIRE · FINANCE.YAHOO.COM
Tech stocks aren't getting shredded for any old reason. It's actually very fundamental: Free cash flow is drying up for Big Tech leaders, and capex is rising dramatically. Investors are questioning whether this ratio is totally out of whack, given more realistic growth…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishFalling free cash flow at Big Tech and rising capex weigh on tech stock sentiment.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Combined capex of Amazon, Alphabet, Meta and Microsoft rose to $201.9 billion in the third quarter.
- 02Combined free cash flow fell to negative $26.4 billion, its lowest on record.
- 03Big Tech has spent $1.6 trillion on capex over the last three years.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Amazon.com, Inc.250.27 USD+4.13%today +4.13%Negative Alphabet Inc.285.93 USD+2.18%today +2.18%Negative Meta Platforms, Inc.615.20 USD+0.03%today +0.03%Negative Microsoft Corporation525.59 USD+0.71%today +0.71%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets