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AI & Enterprise

Alphabet wipes out 8.71 trillion won as MS, Meta, Amazon earnings fears begin next week

Alphabet burned $5.9 billion in the second quarter, marking its first quarterly cash burn and highlighting how rising AI investment is straining big tech cash generation. Investors are watching next week’s results from Microsoft, Meta Platforms and Amazon for their AI spending plans. Analysts expect big tech AI outlays to exceed $700 billion this year. Concerns are growing that capital spending, depreciation and operating costs may rise faster than AI revenue.

AI & Enterprise

HBM shortage puts AI cloud on alert; CoreWeave hedges prices to tackle \'chipflation\'

A surge in AI infrastructure demand is pushing memory chip prices higher, adding pressure to cloud providers’ profit structures. CoreWeave plans to respond with a risk management strategy combining long-term supply contracts and financial techniques. Micron’s results and TrendForce forecasts highlight persistent shortages of high-bandwidth memory used in AI servers. Morgan Stanley said “chipflation” is reshaping pricing. CoreWeave says it is considering hedges such as derivatives, though discussions remain at an early stage.

Crypto

XRP appears in U.S., Australia officials\' asset disclosures, confirming holdings

Serving officials in Australia and the United States reported holding XRP in official asset disclosure documents. In Australia, Labor federal lawmaker Sally Sitou listed cryptocurrency (Ripple) held via CoinSpot as her only crypto investment, with no other digital assets included. In the United States, White House Situation Room director and presidential special assistant Ian Kelly disclosed XRP held in a Coinbase wallet, valued in a $1,001 to $15,000 range, as part of a broader crypto portfolio.