🚨BREAKING: S&P warns AI spending could push Meta, one of the world's most profitable companies, toward a credit DOWNGRADE. The rating agency has cut Meta's outlook to NEGATIVE, making it the first of Big Tech's big four AI spenders to get one. S&P now expects Meta to burn $71 BILLION in cash in 2027 alone. It sees Meta's capital spending topping $225 BILLION that year, $62 BILLION more than it previously expected. The agency says Meta's debt could cross its downgrade threshold once new leases begin in 2028. S&P took the same step with Oracle in July 2025, then cut it to one notch above JUNK a year later. In July, Moody's also warned that "unprecedented" AI spending threatens the credit quality of Big Tech.