“Combined free cash flow across Microsoft, Alphabet, Amazon, Meta, and Oracle is projected to FALL more than -70%, to ~$100 billion, by the …

“Combined free cash flow across Microsoft, Alphabet, Amazon, Meta, and Oracle is projected to FALL more than -70%, to ~100 billion, by the end of …. AI capital expenditure is consuming nearly every dollar, with the combined 2026 CapEx expected to surpass 715 billion….. In simple terms, these companies are reporting record profits on paper while simultaneously running out of actual cash, forcing them to issue a projected 175 billion in new debt in 2026 alone, more than 6 times the pre-AI cycle average” What happens to the economy if AI never returns enough on investment to make this bet pay off? ‼️Big Tech cash is disappearing at a RAPID PACE: Combined free cash flow across Microsoft, Alphabet, Amazon, Meta, and Oracle is projected to FALL more than -70%, to ~100 billion, by the end of 2026. This figure peaked at ~$250 billion in early 2024, even as trailing net income …

Source: Gary Marcus (X) | 2026-05-08