AMD

Data Center

Meta raised $37.5 billion, then S&P cut its credit outlook to negative on $71 billion of 2027 cash deficits

S&P Global Ratings cut Meta's credit outlook to negative on Friday, saying Meta's ability to monetize its AI investments is "more limited than that of its peers." The verdict landed one day after Meta closed $37.5 billion of stock offerings, money for a buildout that turned its free cash flow negative for the first time since 2012.

October 30, 2026 · 3 min read

Data Center

Meta's AI buildout now costs 6.5% a year: $12.5 billion banked tonight, $24.9 billion more to come

Meta banked $12.5 billion of 6.50% mandatory convertible preferred tonight and locked about $24.9 billion more in forwards, days after its capital spending passed its operating cash flow and AI credit repriced. The AI buildout's bill now has a stated coupon.

October 29, 2026 · 3 min read

Chips

Intel beats and guides December down on memory costs, and the stock falls more than 20% after hours

Intel beat September estimates and grew data-center revenue 78%, then guided December to $15 to $16 billion against a $17 billion consensus; a stock that had more than doubled fell more than 20% after hours. The AI buildout's memory bill has arrived inside a mega-cap's guidance.

October 29, 2026 · 3 min read

Market snapshot

Latest on AMD

Fermi's $6.5 billion lease comes due Friday, and the only news this week was a rerun

CoreWeave's stock has halved since Core Scientific shareholders refused its $9 billion bid

Fermi's $6.5 billion TensorWave lease must close by October 31, and the financing is still not raised

AMD buys Fei-Fei Li's World Labs for $8.2 billion, $117 million a head, as rivals give it away

Also mentioned in

Meta raised $37.5 billion, then S&P cut its credit outlook to negative on $71 billion of 2027 cash deficits

Meta's AI buildout now costs 6.5% a year: $12.5 billion banked tonight, $24.9 billion more to come

Intel beats and guides December down on memory costs, and the stock falls more than 20% after hours