• TRM (USD/COP)COP 3,301.91 +0.15% +COP 4.84Colombia's official exchange rate (Financial Superintendence), valid Nov 13 to Nov 13
  • EuroCOP 3,649.29 -0.53% -COP 19.38Reference: TRM crossed with the European Central Bank rate of Nov 13; not the market quote
  • Mexican pesoCOP 177.59 +0.50% +COP 0.89Reference: TRM crossed with the European Central Bank rate of Nov 13; not the market quote

Volatility hits tech giants: doubts over AI returns and rising debt

FinanceInternationalExpansiónAI summary
Image: Expansión

Large technology companies face valuation corrections of between 30% and 50% in many cases, partly offset by recent gains, amid doubts about the profitability of their AI investments. Alphabet, Amazon, Microsoft, Meta and Oracle have issued $271 billion in bonds this year to finance their expansion, and their long-term debt, including leases and other liabilities, reaches $1 trillion. Goldman estimates off-balance-sheet commitments at $3.2 trillion.

In 30 seconds

  • Valuation corrections for tech companies reach 30%-50% in many cases, with doubts over AI returns
  • Five tech giants issued $271 billion in bonds this year and their long-term debt reaches $1 trillion
  • Goldman puts the sector's off-balance-sheet commitments at $3.2 trillion
Read the full story at Expansión

IASummary generated by artificial intelligence from a story by Expansión. It may contain errors: the original source prevails.

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

    Keep reading