#股票财报季
$SPCX
$SOXL
AI faith shaken overnight: Meta’s negative cash flow triggers sell-off, while Apple hits a new high
U.S. tech stocks faced a massive sell-off on Thursday. The Nasdaq plunged 2.6%, barely holding above 26,000, its biggest one-day drop since June. The S&P 500 fell 1.2%, while the Dow edged up 11 points, as money shifted from AI growth stocks to defensive sectors.
Meta closed down 6.98%, reporting Q3 free cash flow of -$2.12 billion—its first quarterly cash outflow in more than a decade—and plans to issue Class C shares to fund its AI push. Nvidia fell 4.40%, AMD dropped 8.10%, Micron slid 6.26%, and SanDisk sank 8.51%, making semiconductors one of the hardest-hit sectors.
Apple bucked the trend, rising 1.23% to a market cap of $5.08 trillion. It was the only tech giant among the 20 most actively traded stocks to rise, narrowing the gap with Nvidia to just tens of billions of dollars.
Key signal: Concerns over financing and equity dilution sparked by Meta’s massive capital spending were the catalyst. The market is reassessing the payback period for AI investment. As investors question the returns on “spending money to buy growth,” they are voting with their feet, favoring Apple’s dependable cash flow over AI stocks with grand narratives.
In the short term, sentiment toward AI stocks needs clearer evidence of profitability—not just revenue beating expectations—to recover.#股票财报季
$SPCX
$SOXL
AI faith shaken overnight: Meta’s negative cash flow triggers sell-off, while Apple hits a new high
U.S. tech stocks faced a massive sell-off on Thursday. The Nasdaq plunged 2.6%, barely holding above 26,000, its biggest one-day drop since June. The S&P 500 fell 1.2%, while the Dow edged up 11 points, as money shifted from AI growth stocks to defensive sectors.
Meta closed down 6.98%, reporting Q3 free cash flow of -$2.12 billion—its first quarterly cash outflow in more than a decade—and plans to issue Class C shares to fund its AI push. Nvidia fell 4.40%, AMD dropped 8.10%, Micron slid 6.26%, and SanDisk sank 8.51%, making semiconductors one of the hardest-hit sectors.
Apple bucked the trend, rising 1.23% to a market cap of $5.08 trillion. It was the only tech giant among the 20 most actively traded stocks to rise, narrowing the gap with Nvidia to just tens of billions of dollars.
Key signal: Concerns over financing and equity dilution sparked by Meta’s massive capital spending were the catalyst. The market is reassessing the payback period for AI investment. As investors question the returns on “spending money to buy growth,” they are voting with their feet, favoring Apple’s dependable cash flow over AI stocks with grand narratives.
In the short term, sentiment toward AI stocks needs clearer evidence of profitability—not just revenue beating expectations—to recover.#股票财报季