Petri Repo

🚨 THE AI BOOM IS EATING BIG TECH ALIVE. Nearly $900 BILLION has been wiped off the market value of four of America's biggest technology companies following their latest earnings. And the numbers behind this selloff are even more alarming. Here's how much they lost: • Alphabet: $505 BILLION • Amazon: $192 BILLION • Meta: $187 BILLION • Microsoft: $10 BILLION Total: $894 BILLION wiped out. Meanwhile, these same four companies spent a record $201.9 BILLION on capital expenditure in Q3 2026 alone. That's more than DOUBLE what they were spending a year ago, and 356% higher than in Q1 2024. But look at what's happening to their cash. Their combined free cash flow plunged to NEGATIVE $26.4 BILLION last quarter, the lowest on record. That's an $88.2 BILLION deterioration in just one year. Microsoft was the only one of the four to report positive free cash flow. And despite these numbers, the companies are planning another $232 BILLION in capital spending in Q4, potentially pushing their combined 2026 spending to $740 BILLION. Big Tech has already spent $1.6 TRILLION on capital expenditure over the past three years. Wall Street is starting to question whether these companies can earn enough from AI to justify what they're spending. The companies pouring the most money into AI are now facing enormous pressure to prove it can actually pay off.