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U.S. big tech kicks off earnings season, giving clues to Korean memory chip outlook for next year

U.S. big tech companies have begun reporting third-quarter results that could signal the scale of Korean memory makers’ orders next year. Investors are watching for AI capital spending plans as much of that investment goes into AI servers that use memory chips. Meta reported heavy spending and lifted the low end of its full-year capex outlook. Analysts also cite pressure on cash flow and mixed market views on AI profitability and funding risks.

AI & Enterprise

Elice shares whipsaw after listing, focus on differentiation from CoreWeave

Elice Group shares fell on their first day on the KOSDAQ then rebounded to the daily limit the next day, the Korea Exchange said. The company says it maintains a high operating profit margin by building infrastructure only after confirming customer demand. Its first-half revenue was 34.4 billion won and operating profit 10.3 billion won, with AI cloud accounting for most sales. Attention has also focused on financial strain at CoreWeave amid heavy borrowing and investment.

AI & Enterprise

Amazon hamstrung by power shortages as Nvidia servers sit in warehouses

Amazon Web Services is securing Nvidia AI servers on a large scale but cannot run some of the equipment due to power shortages at certain data centres. Business Insider reported AWS plans to take delivery of about $5 billion worth of Nvidia GB300 server racks ahead of final deployment and may add about $3 billion more per month for a period. Completed racks are being stored in intermediate warehouses until sites are ready.