đšMore than $700,000,000,000 in market capitalization has been wiped out from the U.S. stock market over the past week as AI trade concerns dragged stocks lower.
These were the S&P 500âs worst-performing stocks over the past week.
Meta Platforms ($META ) fell more than 12% as its Q3 earnings highlighted heavy AI infrastructure investments, raising investor concerns about the scale of spending required.
Metaâs quarterly capital expenditures reached $34.91 billion, exceeding its $32.79 billion in operating cash flow.
This resulted in negative free cash flow of $2.12 billion for the quarter, down from positive $10.63 billion a year earlier, marking a rare quarter of negative free cash flow for Meta.
T-Mobile US (TMUS) plunged more than 7% amid reports that SpaceX is in talks to acquire 80,000 cell towers.
AI-related stocks fell sharply this week amid rising financing concerns as the industry faces capital constraints.
$SPCX $OPENAI
These were the S&P 500âs worst-performing stocks over the past week.
Meta Platforms ($META ) fell more than 12% as its Q3 earnings highlighted heavy AI infrastructure investments, raising investor concerns about the scale of spending required.
Metaâs quarterly capital expenditures reached $34.91 billion, exceeding its $32.79 billion in operating cash flow.
This resulted in negative free cash flow of $2.12 billion for the quarter, down from positive $10.63 billion a year earlier, marking a rare quarter of negative free cash flow for Meta.
T-Mobile US (TMUS) plunged more than 7% amid reports that SpaceX is in talks to acquire 80,000 cell towers.
AI-related stocks fell sharply this week amid rising financing concerns as the industry faces capital constraints.
$SPCX $OPENAI
