Meta's AI Capex Tops Operating Cash; Non-Voting Stock Coming
Meta spent $34.9B on capex in Q3 versus $32.8B of operating cash, with $80.9B of debt and a new non-voting Class C stock planned for January.
Mr. Jitendra Bhatt
โMarkets, personal finance, economic trends, and the language of money.
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Mr. Jitendra Bhatt
Deep understading of finance area and writer covering markets, investing, and economic policy.

Meta spent $34.9B on capex in Q3 versus $32.8B of operating cash, with $80.9B of debt and a new non-voting Class C stock planned for January.
Mr. Jitendra Bhatt
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French 10-year yields passed 5% on Oct. 22 for the first time since 2002 while German and US yields fell, and the Bund spread hit its widest since 2011.
Mr. Jitendra Bhatt
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UK CPI rose to 3.5% in September on a 29.8% jump in motor fuel; core hit 2.8%, and the Bank decides on Nov. 5, before the Ofgem rise shows up.
Mr. Jitendra Bhatt
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The Nasdaq fell 4.5% and chip stocks 11.4% last week as CoreWeave's bonds topped 15% and AI debt fears spread, before a Monday rebound.
Mr. Jitendra Bhatt
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China's Q3 GDP grew 4.5%, beating forecasts, as September exports jumped 36.3% while retail sales rose 1.1% and property investment fell 20.6%.
Mr. Jitendra Bhatt
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China's economy grew 4.5% in Q3, matching the floor of Beijing's 4.5-5% target, as retail sales rose just 1.1% and property investment fell 20.6%.
Mr. Jitendra Bhatt
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The IMF's Oct. 13 report warns sovereign yields could spike as hyperscalers' share of investment-grade bond issuance hits 10%, from under 1% in 2024.
Mr. Jitendra Bhatt
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TSMC's third-quarter profit rose 68.7% to a record NT$763 billion, and it guided Q4 revenue to $52.3-54.3 billion, saying AI supply gaps remain large.
Mr. Jitendra Bhatt
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US inflation hit 3.7% in September with core at 2.6%, lifting October Fed hike odds from 22% to about 37% and sending the S&P 500 down 1.1%.
Mr. Jitendra Bhatt
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China's September exports rose 36.3% on chips and autos, lifting its nine-month surplus to $938 billion as the EU presses Beijing to rebalance trade.
Mr. Jitendra Bhatt
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The IMF sees 3.1% global growth and 4.7% inflation in 2026, but warns the 3.4% rebound assumes Hormuz reopens by March and the AI boom holds.
Mr. Jitendra Bhatt
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A report that OpenAI's run-rate is $50 billion, not $70 billion, hit Nvidia, Oracle and chip ETFs on Oct. 8, but counting methods explain the gap.
Mr. Jitendra Bhatt
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