Meta $95B offering calms markets as Oracle Alphabet Amazon prepare
Worried about big tech borrowing too much for AI? Things are looking a bit calmer now.
After Meta's plans for a $95 billion stock offering on Monday shook up the market, investors have settled down as Oracle, Alphabet, and Amazon prepare to share their latest financial updates this week.
Analysts expect Alphabet Amazon negative FCF
Oracle hosts its Investor Day on October 28, with Alphabet and Amazon dropping their quarterly results after the market close on Wednesday and Thursday, respectively.
The spotlight is on how much these companies are spending on AI, and whether they're making enough cash to keep up.
Analysts expect both Alphabet and Amazon to report negative free cash flow again (Alphabet: negative $2.3 billion; Amazon: negative $9.9 billion), mostly thanks to their massive investments in new tech.
How they handle this could shape what happens next for the whole industry.