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Benzinga
Benzinga
Business
Piero Cingari

Amazon, Meta Beware: The AI Spending Boom Is Pushing Tech Firms Into A Debt Spiral

Artificial intelligence

U.S. tech giants like Meta Platforms Inc. (NASDAQ:META), Amazon.com Inc. (NASDAQ:AMZN), Microsoft Corp. (NYSE:MSFT) and Alphabet Inc. (NASDAQ:GOOGL)(NASDAQ:GOOG) have plowed hundreds of billions into artificial intelligence over the past two years, initially using their hefty cash piles — but Goldman Sachs says that cushion is wearing thin, and debt is quickly becoming the next funding source.

Check out how META stock is doing here.

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