Big Tech’s Big Hit

Big Tech stocks are treading water after a disastrous week that saw $1 trillion wiped off their value. It’s no surprise, given investors are getting cold feet about the huge amounts these companies are spending.

The AI Drain

AI hyperscalers, in particular, had a brutal week. Their huge expenditure outlooks have spooked investors, and it’s hard to blame them. Who wants to pour money into a company that’s burning through cash like there’s no tomorrow? It won’t be a pretty sight if this trend continues.