Post
RobinSG
#MetaAISpendingConcerns Meta's Q3 revenue rose 26% YoY to $64.601B, but Al spending raised concerns over returns. Latest filings show future lease and noncancelable contract commitments of ~$825B, up from nearly $700B disclosed in July, mainly for Al infrastructure.
Shares fell ~7% Oct 22, while five-year CDS spreads widened to ~116 basis points. Despite revenue growth, long-term funding needs and the time required to realize Al investment returns are reshaping market assessments of Meta.$META
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
Trending crypto
BTC/USDTBitcoin
$75,791.6+0.00%
ETH/USDTEthereum
$2,234.23+0.00%
SOL/USDTSolana
$89.64+0.00%
Today’s market buzz
1#USJobsBeatExpectations
2#TechStocksReboundWatch
3#BTCETFOutflows416M