WS #13555
SpaceX's sixfold capex surge to $18.4B (80% AI) sends stock down 13%, raising AI spending sustainability concerns; Nvidia gets boost from Musk's exclusive commitment. Jeff Dean exits, Hassabis becomes chairman, pressuring Alphabet shares 4% amid AI leadership uncertainty. SanDisk and Micron trade near 6x forward earnings despite massive rallies, with memory shortage bullish for MU, WDC, SNDK but bearish for Apple margins.
SpaceX AI Capex Shock and AI Trade
SpaceX's sixfold capex surge to $18.4B (80% AI) sends stock down 13%, raising AI spending sustainability concerns; Nvidia gets boost from Musk's exclusive commitment.
Jeff Dean exits, Hassabis becomes chairman, pressuring Alphabet shares 4% amid AI leadership uncertainty.
SanDisk and Micron trade near 6x forward earnings despite massive rallies, with memory shortage bullish for MU, WDC, SNDK but bearish for Apple margins.