Big Tech's $556.9B capex turns cash flow negative as Texas freezes new power permits
sylsau · reddit · 2026-11-09
An analysis argues the AI software bubble is hitting a physical wall: Microsoft, Alphabet, Amazon, Meta and Oracle posted $542.9B in operating cash flow over nine months but poured $556.9B into capex, leaving a $14B cash deficit vs a $143.5B surplus a year earlier.
More from Venture
- Fal raises $1.3B at a $16B valuation amid surging AI inference demand — thione · 2026-11-10
- Marvell to buy Lumentum in $115B all-stock deal betting big on optical AI data-center links — thione · 2026-11-10
- Anthropic discloses $16.96B Q3 revenue and $895.4B in compute commitments ahead of IPO — thione · 2026-11-10
- OpenAI's Greg Brockman: OpenTable integration drove 190,000 diners in September — gdb · 2026-11-10
- Analyst pushes back on "price cuts to prop ARR" narrative: LLM price drops come from efficiency, not nuked margins — zephyr_z9 · 2026-11-10
- Survey of 200 CIOs: nearly half blow past token plans, but scaled operators cut fewer projects — BenBajarin · 2026-11-10