Big Tech’s record $725bn AI investment strategy is beginning to strain the resources of America’s largest companies, leaving them with less cash left over this year than at any point in the past decade.
The combined free cash flow of the four “hyperscalers” — Amazon, Alphabet, Microsoft and Meta — is expected to fall to roughly $4bn in the third quarter, according to Wall Street’s forecasts, down from an average of $45bn in each quarter since the Covid-19 pandemic six years ago.
Their full-year free cash flow is set to hit the lowest level since 2014, when their revenues were about a seventh of their current size, according to analysts’ estimates compiled by Visible Alpha.
您已阅读10%（679字），剩余90%（6066字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。