Hyundai Research Institute: Big Tech AI Capex Up as Free Cash Flow Drops
AI capital spending by US Big Tech companies is forecast to exceed $1.3 trillion by 2029, according to a report from the Hyundai Research Institute released on the 15th. That total contrasts sharply with the combined free cash flow of Alphabet, Amazon, Meta, Microsoft, and Oracle over the past four quarters, which dropped to $32.7 … Read more