The Bill Comes Due: Meta's Cash Flow Turns Negative, Chips Lead the Nasdaq's Worst Day Since June

Podcast: The Circuit Brief · The Circuit Brief

Opublikowano: 2026-10-23

Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode! Friday edition, October 23rd, 2026. Thursday was the Nasdaq's worst day since June (-2.6% to 26,009) while the Dow finished flat. Meta beat on revenue but guided 2026 capex to $135-145B, posted negative free cash flow of about $2.1B, and fell about 7%; its credit default swap spread hit a record. Tesla beat on earnings but auto revenue fell 3%; shares down about 3%. IBM down more than 3%. AMD -8%, Micron -6%, Nvidia -4%: chip and AI names made up about 93% of the...