S&P cuts Meta outlook to negative as AI spending strains Big Tech cash
S&P lowered Meta's credit outlook to negative, warning leverage could exceed 1.0x by 2027 from about 0.1x last year. Reuters reports Big Tech buybacks fell 83% in the first nine months of 2026 as AI spending consumes cash.
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Timeline · 3 reports
- 2026-10-31 22:21 · The Next Web
Big Tech buybacks fall 83% as AI spending eats the cash, Reuters reports - 2026-10-31 11:43 · Bloomberg AI
AI Spending Fears Hammer Big Tech Stocks - 2026-10-30 22:51 · The Next Web
S&P turns negative on Meta as AI spending eats into its cash