Meta's $64.6 Billion Quarter Hides the Real Story: The AI Race Just Started Costing More Than It Earns
Meta just posted a 26% revenue surge to $64.6 billion, yet the number that matters most went the other way. Free cash flow turned negative as AI spending outran the ad business for the first time this cycle. The Q4 math suggests the bill is about to get even bigger. So how long will investors keep paying?
ASML Can't Build Machines Fast Enough: The AI Chip Boom Just Hit a Supply Wall
ASML just posted a record €11.7 billion quarter, but the real headline is what it said about the future: even with 30% more capacity planned, it can't build enough chipmaking machines to meet demand in 2027 and 2028. Customers are already asking about 2030. Here's why the AI trade's bottleneck is shifting from money to machines, and what to watch as TSMC reports next.