Amazon earnings preview: $27B cash gap excludes its OpenAI bet
Amazon's first-half equipment spending exceeded operating cash by $27 billion. TECHi compares Microsoft and Alphabet and tests what earnings must show.
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#AI Capex
10 articles
TECHi reporting and analysis covering AI Capex. 10 articles, newest first.
Inference Chips Are Becoming Loan Collateral in a $400M Bet
Upper90 will lend General Compute up to $400 million secured by SambaNova inference chips, not Nvidia GPUs. Why inference silicon as loan collateral is an untested bet.
Amazon Stock's Real Test Is the Margin Ladder
Amazon stock is near highs, but the AMZN story now depends on AWS margins, advertising leverage and whether AI capex can turn back into cash flow.
Google's 3.2Q Token Shock: Inference Demand Goes Vertical
Google says monthly tokens across its surfaces jumped from 9.7T in May 2024 to 3.2Q+ in May 2026. The real story is inference demand.
Dell Stock’s Hidden AI Risk: The Server Boom Is Becoming a Credit Business
Dell stock is riding a $43B AI server backlog, but rising receivables, financing exposure and component costs raise a sharper risk.
Sandisk Stock’s $511 Million Warning: Moat or Pull-Forward Trap?
Sandisk stock is riding AI storage demand, but $511M in customer advances raises a sharper question: moat or pull-forward trap?
S&P 500’s 28-Session Rally Was Driven by Just 10 Stocks
The S&P 500’s 28-session rally was powerful but narrow, with 10 AI-linked stocks driving nearly 70% of gains. Can it last?
Amazon Stock's Real 2026 Test: Can Logistics Pay for the AI Capex Boom?
Amazon stock now hinges on whether AWS, ads and a new logistics services push can fund the company's AI infrastructure spending boom.
Tesla's Real 2026 Problem: AI Capex Eats the EV Cash Machine
Tesla's 2026 problem is not only EV demand. AI capex for robotaxis, FSD and Optimus now tests how much cash the EV business can fund.
Can Google Justify Its Massive AI Infrastructure Spending?
Alphabet is spending up to $190B on AI infrastructure in 2026. Here is the free-cash-flow bear case, the Cloud countercase, and what GOOG investors should watch.