Daily Earnings: Tech stretches balance sheets for AI | META, MSFT, SBUX | Jul 29

The staggering physical cost of the artificial intelligence buildout is finally catching up with the world's richest software companies, forcing them into unprecedented balance-sheet gymnastics to manage the cash burn.• Meta halts stock buybacks and issues massive debt to fund its severe AI cash drain.• Microsoft rewrites depreciation rules to stretch server lifespans, shielding earnings from staggering data center bills.• Starbucks protects operational revenue by deploying overnight cafe uplifts rather than enduring costly store teardowns.Whether big tech is obscuring infrastructure expenses or an online auto platform is catching an accidental regulatory tailwind, true earnings quality currently requires reading well past the headline numbers.