This Halloween: AI’s big spending scare | MarketTalk

AI’s spending scare is haunting markets this Halloween. Strong cloud growth is failing to reassure investors as Google, Amazon, Microsoft and Meta pour enormous sums into infrastructure. Falling free cash flow, growing financing needs and credit stress are raising questions about when those investments will pay off. Amazon also faces a potential challenge from AI shopping agents. Meanwhile, central banks are keeping further rate hikes on the table as elevated energy prices complicate the inflation outlook. From Big Tech earnings to monetary policy and stronger US growth, financial conditions are tightening, and markets are beginning to feel the pressure again. Watch the full episode to find out more! 0:00 Intro 1:08 Big Tech fails to impress 4:32 Cash flow and credit stress rise 5:51 Central banks: pauses don’t mean end of tightening Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clints. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020, and launched her own website ipekScope.com in 2025. #AI #BigTech #Amazon #Google #Microsoft #Meta #Earnings #InterestRates #Swissquote #MarketTalk _____ 👉 Discover our brand and philosophy: https://www.swissquote.com/en/group _____ 👉 Deepen your trading and investing knowledge with Swissquote Inspire: explore our articles, analyses, webinars and exclusive content: https://www.swissquote.com/private/inspire _____ 👉 Discover Swissquote’s culture and join a company that values innovation, diversity and team spirit: https://www.swissquote.com/en/careers