US Stock Market Live Updates: Big Tech spending raises concerns over borrowing costs
The combined spending of Amazon, Alphabet, Microsoft and Meta exceeded $200 billion in the third quarter, according to Ipek Ozkardeskaya, senior analyst at Swissquote Bank. She warned that higher financing costs could absorb a larger share of the cash generated by these companies, leaving less available for expansion and debt repayment. Several companies have turned to bond markets to finance their AI investments, adding to concerns about the sustainability of such spending as borrowing costs rise.
