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Market move● Neutral for Indian equities
Meta’s Muse-fuelled rally: Stock jumps 36% in September as investors warm to its $140 billion AI bet
The brief
- Meta shares rose 36% in September as investors warmed to its $140 billion AI bet
- Rising AI spending is increasing cash-flow pressure
- Big AI reset ahead? Chris Wood doubts hyperscalers’ $990 bn capex estimates, highlights India’s reverse AI trade advantage
- AMZN, META, GOOGL, MSFT, ORCL: Michael Burry Sounds Fresh Alarm On Big Tech’s AI Spending, Warns Of Massive Write-Offs In Two Years