Thomas Monteiro

Meta's free cash flow collapsed 91% to $784 million in the second quarter, down from $8.55 billion a year ago, as capital expenditure surged 83% to $31.08 billion on AI infrastructure, sending shares …

Meta's stock tumbled 10% after it disclosed capital expenditure growth far outpacing revenue growth, with 98% of revenue still coming from its traditional ads business. EMARKETER senior analyst Minda …

Tesla missed analysts' profit forecasts for the second quarter and reported negative free cash flow for the first time in over two years as Elon Musk's AI spending surged. Adjusted profit was 33 cents…