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AI spending surpasses historic capex booms, stressing tech cash flow and shifting investor focus to quality metrics.

Market News
30 Sep 2026
CNBC
View Source
Neutral
AI spending surpasses historic capex booms, stressing tech cash flow and shifting investor focus to quality metrics.

AI-related capital expenditures in 2026 are outpacing historic U.S. economic booms like railroads and electrification, pressuring tech giants' free cash flow into negative territory despite high profitability. This surge in AI spending is also pushing some companies into junk bond status amid rising bond yields, prompting investors to prioritize financial health indicators such as free cash flow, return on equity, and net debt. While tech hyperscalers face short-term cash flow challenges, their long-term AI investments are expected to pay off as data centers come online and revenue grows. Investors are increasingly favoring quality-focused ETFs and companies with strong balance sheets to navigate market volatility and rising interest rates.

The record AI spending surge is reshaping investment priorities in 2026. For readers following the technology sector, here is Pluang's market snapshot as of Sep 30, 2026 21:31 WIB: Among 150 priced US tech stocks, 95 rose and 55 fell. Notable movers include QBTS at USD 16.99 (+3.41%, 34% Sell / 66% Buy), BB at USD 9.02 (+3.38%, 88% Sell / 12% Buy), and AKAM at USD 112.00 (+3.27%, 24% Sell / 76% Buy).

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