According to a video interview with the financial broadcaster CNBC, David Wagner, portfolio manager at Aptus Capital Advisors, considers concerns about Meta's rising debt overblown. In his view, debt coverage at the large hyperscalers remains strong.
Classification
Wagner describes the companies' AI investments (capex) as revenue for other companies – a view that sheds light on the debate about the profitability of this spending from the suppliers' perspective. For investors and the Mittelstand, this means: whether these expenditures will pay off later remains, according to this source, an open question. The statement is the assessment of a single analyst and not a substantiated forecast.
Sources
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