Tech CEOs including Meta's Zuckerberg and Alphabet's Pichai met President Trump to discuss AI amid OpenAI's safety concerns and Anthropic's new model launch. Treasury yields hit multiyear highs, dragging major US stock indexes down. Trump announced a $15 billion investment by Mesabi Metallics to build the largest US steel plant, aiming to boost domestic production and jobs by 2030. MongoDB's CEO left for Meta, causing a sharp stock drop, while Alaska Airlines unveiled premium cabin upgrades to attract luxury travelers.
Meta Platforms shares rose 1.07% to USD 723.25 on Pluang as of Sep 29, 2026 19:52 WIB, showing resilience despite CEO changes in the tech sector. Alphabet's stock was nearly flat, down 0.03% at USD 342.65, reflecting cautious investor sentiment amid rising Treasury yields. Trading activity on Pluang shows a balanced interest with Meta seeing 56% sell orders and Alphabet 47% sell orders at the same time.
Major hyperscalers like Amazon, Alphabet, and Meta are driving U.S. GDP growth through massive AI infrastructure investments, with capex budgets expected to rise over 90% by 2026. However, this surge in spending has led to growing financial stress, i...
Meta is set to raise $20 billion to $25 billion through a bond sale, with two-thirds in U.S. dollars and one-third in euros, to support increased spending on AI infrastructure and services. This move follows S&P Global Ratings' downgrade of Meta's ou...
Meta Platforms' stock dropped 16.67% recently due to a $9.89 billion legal settlement, but its ad revenue grew 26.1%, driven by AI improvements boosting ad volume and prices. Despite rising costs and negative free cash flow from heavy AI infrastructu...
On November 2, three major AI investors—Alphabet, Oracle, and Meta—attempted to raise at least $36.7 billion in bond markets, with only $16.7 billion priced. Alphabet secured €6 billion at low spreads reflecting strong lender trust, while Oracle's $1...
Bill Ackman, through Pershing Square, argues that Big Tech's capital spending on AI data centers, which rose from $140 billion in 2023 to $740 billion in 2026, is a strong growth investment despite pressuring free cash flow. The spending surge is mai...
