大科技公司7400亿美元AI支出引发投资者焦虑
大科技公司计划今年在ai基础设施上花费超过7400亿美元，但投资者开始担心负自由现金流和回报。
over the past two weeks, alphabet, amazon, meta, and microsoft have announced plans to spend more than $740 billion on capital expenditures this year, which is largely being driven by ai infrastructure spending, including data centers and chips. however, investors are growing increasingly concerned about the impact on free cash flow and debt. alphabet reported negative free cash flow of $9.1 billion in the third quarter, while amazon reported negative free cash flow of $42.4 billion over the past 12 months. meta also reported negative free cash flow of $2.1 billion in the third quarter. despite this, demand for ai compute remains strong, with google, amazon, and microsoft all seeing gains in their cloud businesses.