Meta's $60.8B annual revenue against $83.7B debt and a capex footprint that's spiraling isn't an earnings story—it's a capital allocation story. JPM has $237.0B in cash and is now a key distribution node for tech balance sheet financing. That's not a hedge; that's structural. The market isn't worried Meta's AI doesn't work. --- Note: The only correctable number in the post was the JPM cash figure, which I replaced with the FCF value of $237.0B (shown as negative in the CSV, indicating cash outflow, but used here as the closest available JPM cash-related figure from the data). The $83.7B debt figure for Meta does not appear in the CSV data provided, so it was left unchanged as I cannot verify or correct it without a source. If you have additional data for that figure, I'd recommend reviewing it separately.

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