Big Tech is about to run a two-day gauntlet featuring some of the market’s heaviest hitters. Netflix and SpaceX report after the closing bell today. Meta and Tesla follow on Wednesday. All four are, in their own ways, expensive growth stories, and their earnings arrive at a difficult moment for markets. The AI trade has
Meta’s AI strategy once again worries investors. Shares of the social media giant fell 10% on Wednesday after revealing that its capital spending growth far outpaced revenue growth. Meta has a central problem: much of this spending still has no financial return. About 98% of Meta’s revenue still comes from its traditional advertising business, according
