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RobinSG
#MetaAISpendingConcerns Meta's Q3 revenue rose 26% YoY to $64.601B, but Al spending raised concerns over returns. Latest filings show future lease and noncancelable contract commitments of ~$825B, up from nearly $700B disclosed in July, mainly for Al infrastructure.
Shares fell ~7% Oct 22, while five-year CDS spreads widened to ~116 basis points. Despite revenue growth, long-term funding needs and the time required to realize Al investment returns are reshaping market assessments of Meta.$META
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