大手笔AI投资之后:亚马逊、谷歌、Meta要花光现金流了?

华尔街见闻
Feb 08

如今,6450亿美元的账单已经摆在桌上。当硅谷巨头们正试图用今天的现金流,甚至未来的债务去购买一张通往AI时代的门票时,如果这场豪赌不能在未来转化为实实在在的收入增长,2026年的现金流危机,或许只是估值重构的序章。随着AI基础设施建设的军备竞赛进入“深水区”,一个令投资者不安的转折点已然浮现:为了支撑AI算力需求,亚马逊、谷歌和Meta正面临自由现金流被耗尽甚至透支的风险。根据摩根大通2026年...

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