EPISODE · Feb 17, 2026 · 1 MIN
资本支出的「死亡螺旋」：7000亿美元豪赌下的自由现金流大迁徙
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资本支出的「死亡螺旋」：7000亿美元豪赌下的自由现金流大迁徙：2026年2月16日，华尔街的交易室里弥漫着一种诡异的气息。Meta 刚刚更新了其年度账本，将 2026 年的资本支出（CapEx）指引上调至惊人的 1350 亿美元。这不是一家公司的任性，而是一场集体式的疯狂：微软、谷歌、Meta 与亚马…
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资本支出的「死亡螺旋」：7000亿美元豪赌下的自由现金流大迁徙
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