WS #13554
SpaceX's first earnings show revenue beat but sixfold capex surge to $18.4B (80% AI), sending shares down 13%; Nvidia gains on Musk's exclusive commitment, AMD falls 7% despite strong results. Memory shortage story remains strongly corroborated: China's CXMT jumps 465% on debut, US bans used critical minerals exports, and Apple's A20 Pro wafers stranded at TSMC awaiting DRAM. Google announces AI reshuffle: Demis Hassabis moves to chairman, Jeff Dean exits to start a company, Alphabet shares fall 4%.
SpaceX AI Capex Shock and AI Trade Divergence
SpaceX's first earnings show revenue beat but sixfold capex surge to $18.4B (80% AI), sending shares down 13%; Nvidia gains on Musk's exclusive commitment, AMD falls 7% despite strong results.
Memory shortage story remains strongly corroborated: China's CXMT jumps 465% on debut, US bans used critical minerals exports, and Apple's A20 Pro wafers stranded at TSMC awaiting DRAM.
Google announces AI reshuffle: Demis Hassabis moves to chairman, Jeff Dean exits to start a company, Alphabet shares fall 4%.