Meta’s capex outran its operating cash flow and it created a non-voting share class to raise capital, while Lam Research said parts shortages capped its guide and put 2027 chip-equipment spending above $200bn, led by DRAM.
Super Micro’s 26% beat against its own guide and a 4% KOSPI rebound split the memory debate into consumer and server markets — and the server sets the contract price.
The chip index’s longest losing streak since 2008 is a neocloud credit scare, not a demand break: borrowers pay 15%, builders still fund from cash, and Treasuries acted as the hedge.
US producer prices rose 6.3% a year while consumer prices rose 3.7%: why that gap favours AI bottleneck owners, why bonds rallied anyway, and the weekly-close triggers for memory, Oracle and Treasuries.
TSMC raised its AI demand outlook while Oracle and CoreWeave bonds hit record yields after a hot CPI: why the AI trade now splits into a demand layer and a funding layer.
OpenAI’s revenue pace was reported at about $50 billion instead of $70 billion while Lumentum said its AI optics are sold out into 2029: why both are true, and how the portfolio ranks AI stocks by who pays the invoice.
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