S&P cuts Meta's outlook to negative: "Meta struggles to make money from AI as well as rivals"
The rating agency kept the rating at AA- but warned that AI spending is eating cash. Meta disagrees. October was the stock's worst month in four years.
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Tonight: Amazon reports. The big question is AWS, and the answer depends partly on chips developed in Israel
Analysts expect about 37% AWS growth and capital spending of about $220 billion this year. Amazon's Trainium chips are developed largely at Israel's Annapurna Labs.