Welcome to Markets Desk, your midday read on what's moving markets and money.
Meta's Mark Zuckerberg was prepared to commit up to two hundred billion dollars in artificial intelligence spending before his team had even seen whether the underlying models would perform. That level of capital commitment, made in late two thousand twenty five, rattled investors and drew a stark internal warning from Meta's own chief financial officer that failure would be, quote, very, very bad financially. It underscores just how aggressive the AI infrastructure arms race has become.
Shifting to crypto, a Bitcoin wallet dormant for six years just came back to life, moving roughly three hundred seventy eight million dollars in Bitcoin across the chain. The wallet originally received four thousand five hundred eighty two Bitcoin back in March of two thousand twenty when those holdings were worth only around forty million dollars. That kind of appreciation over five years is a sharp reminder of just how volatile and generational the crypto wealth story has been.
And on the equity side, Wendy's continues its painful slide, now trading below seven dollars a share after falling more than sixty five percent over the past three years. The company has cut its dividend twice since May of two thousand twenty five, signaling real stress in its underlying business model as consumer spending on fast food comes under pressure.
That's the tape. Markets Desk, signing off the floor.
