Artificial intelligence provides some great opportunities for many companies today.
But it’s also a very expensive proposition that’s weighing down some of the biggest companies in the stock market
Meta Platforms (NASDAQ:META) is down 3% so far this year on fears that the company is taking on too much debt as it invests in AI infrastructure. Meta’s balance sheet shows that the company has about $58.7 billion in long-term debt. But a new report indicates that the company’s debt load is much greater.
Nikkei Asia reports that Meta Platforms has another $420 billion in off-balance-sheet debt. That number has grown substantially since 2022, the outlet reported. Should investors be concerned about Meta Platforms’ stock?