WS #13243
Strong cloud earnings from Amazon and Microsoft, plus Nvidia's $500B backlog, are driving a rebound in AI infrastructure stocks after a brutal July selloff. DRAM prices have surged, raising component costs for Apple and prompting Microsoft to raise Xbox prices, impacting consumer electronics margins. Elon Musk's net worth fell over $600B due to SpaceX and Tesla share declines, reflecting broader tech correction and AI spending concerns.
AI infrastructure rebound
Strong cloud earnings from Amazon and Microsoft, plus Nvidia's $500B backlog, are driving a rebound in AI infrastructure stocks after a brutal July selloff.
DRAM prices have surged, raising component costs for Apple and prompting Microsoft to raise Xbox prices, impacting consumer electronics margins.
Elon Musk's net worth fell over $600B due to SpaceX and Tesla share declines, reflecting broader tech correction and AI spending concerns.