AI Summary

Wall Street is growing skeptical of the AI spending boom after recent third‑quarter tech earnings. Late Friday, S&P Global downgraded its outlook on Meta from “stable” to “negative,” pointing to the company’s negative cash flow and unclear capital‑expenditure plans. The rating agency kept Meta’s AA‑ rating unchanged but cautioned that its leverage could rise above 1.0 times as early as 2027. These concerns highlight broader doubts about the sustainability of AI‑driven investment growth.

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