AI Capex Strain and Weak AI Stock Reactions
Amazon posted record negative free cash flow on AI capex, and traders note AI stocks aren't rallying on good earnings. Credit and cash-flow worries sit alongside bullish dip-buying calls.
What we know
Bilello reports Amazon's Q3 free cash flow of -$33.5B on $76B capex, while revenue rose 12%. Ansem is concerned that AI stocks like Micron aren't making highs on beats, and an account on X describes pain concentrated in AI infra and software. Another account on X RT argues this isn't 1999, another account on X shares Goldman's big-tech debt issuance estimates, and Cole favors bounce plays.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.