GE Vernova (GEV) closed at $827.42 on October 22, down 10.64% after Meta Platforms (META) reported third-quarter results showing $34.91 billion of capital spending and negative free cash flow of $2.12 billion. The stock was 29.57% below its June 30 record close of $1,174.86, though still up about 27% in 2026. The article links the sell-off to concerns about how AI buyers fund equipment, noting that GE Vernova's gas customers often pay early, with one slot reservation agreement requiring about 25% down. Second-quarter cash from operations reached $5.49 billion, but adjusted EPS of $2.41 missed the $3.01 estimate, and consensus expects free cash flow to fall about 35% in 2027. GE Vernova reports on October 28, when BofA Securities expects $21.0 billion of orders against a $22.2 billion consensus.
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META
• NeutralMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.9T |
| Close on 10/23/2026 | 642.26 |
| Change that session | -1.02% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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