Off-balance-sheet debt at Alphabet, Microsoft, Amazon, Meta, and Oracle has grown roughly eightfold since 2022, reaching an estimated $1.65 trillion, according to a new Nikkei analysis. That figure now exceeds the five companies' combined on-balance-sheet debt of roughly $1.35 trillion, meaning the liabilities investors can't see in a standard debt-to-equity ratio are larger … [Read more...] about Hidden Debt at Five AI Hyperscalers Hits $1.65 Trillion, Nikkei Study Finds
TSMC Q2 2026: A 15% Capex Hike Outweighs a Record Profit Beat
TSMC delivered its fifth consecutive record quarter and the market sold the stock anyway. Q2 revenue reached $39.45 billion, up 36% year over year and above the $39.94 billion consensus. Net income rose 77.4% to roughly $21.9 billion, also a beat. Chips at 7-nanometer and below accounted for 77% of wafer revenue, confirming that the advanced-node mix keeps improving. None of … [Read more...] about TSMC Q2 2026: A 15% Capex Hike Outweighs a Record Profit Beat
Micron’s $500 Million GlobalWafers Financing Points to a New Bottleneck
Micron's push to secure raw silicon wafer supply is drawing attention as a signal of where the next constraint in the AI memory chain sits. Wedbush frames the company's new financing arrangement with GlobalWafers as evidence that the bottleneck driving memory pricing power is migrating upstream, from finished DRAM and HBM output to the raw materials that feed it. The … [Read more...] about Micron’s $500 Million GlobalWafers Financing Points to a New Bottleneck
META Compute, Samsung, SK Hynix: Where AI Infrastructure Investors Think the Margin Actually Sits
Meta jumped roughly 9% this week on reports it's building a cloud business to sell excess AI compute and hosted models to outside customers. Samsung and SK Hynix, meanwhile, are down sharply on the back of a $1.3 trillion, decade-long semiconductor investment blueprint. On the surface, that looks inconsistent — both are AI infrastructure spending stories, and the market is … [Read more...] about META Compute, Samsung, SK Hynix: Where AI Infrastructure Investors Think the Margin Actually Sits
AMD Acquired MEXT to Make Flash Behave Like DRAM. It Eases the Memory Crunch Without Threatening Micron or SanDisk.
About two weeks ago, Advanced Micro Devices announced the acquisition of MEXT, a startup that has built AI-driven software designed to make NAND flash behave like dynamic random-access memory. The deal closed quietly relative to AMD's accelerator headlines, but it is the more revealing transaction. A compute company spent money to solve a memory problem. The instinct in the … [Read more...] about AMD Acquired MEXT to Make Flash Behave Like DRAM. It Eases the Memory Crunch Without Threatening Micron or SanDisk.