Big Technology Podcast · Friday, October 30, 2026
Big tech companies shed nearly $900 billion in market value after reporting a sharp rise in third-quarter capital expenditures. The spending surge turned some of the most profitable businesses into cash incinerators as they heavily invested in artificial intelligence infrastructure while experiencing slowing revenue growth in their core businesses.
“Big tech sheds nearly $900 billion en route over soaring AI spending.”
“Big tech companies lost about a trillion dollars in market value after another sharp rise in their spending in the third quarter, which has turned some of the most profitable businesses in history into cash incinerators as they stake their futures on AI.”