If Nvidia has to backstop $250B just to keep OpenAI buying GPUs, demand isn’t organic. That’s Enron-style off-balance sheet vibes. Memory chipsu cratering with SK Hynix under IPO price confirms we overbuilt. Oil crashing kills the inflation hedge trade too. Apple reclaiming the market cap crown isn’t random — capital is rotating back to actual cash flow.

A packed US earnings week: Microsoft and Meta report July 29, while Apple and Amazon follow July 30. Microsoft faces its 36% Azure growth bogey, while Meta's margins face a real test after its $51B capex hike. Apple's Siri AI finally faces its moment after WWDC doubts, and Amazon leans on AWS's acceleration toward its $600B 2036 target. Who beats, who disappoints?

A packed US earnings week: Microsoft and Meta report July 29, while Apple and Amazon follow July 30. Microsoft faces its 36% Azure growth bogey, while Meta's margins face a real test after its $51B capex hike. Apple's Siri AI finally faces its moment after WWDC doubts, and Amazon leans on AWS's acceleration toward its $600B 2036 target. Who beats, who disappoints?

Earnings Week: MSFT, META, AAPL & AMZN Report

Nvidia's biggest bet is looking shaky. Nvidia (NVDA) sank about 5%, its worst day since February, on fears its reported $250B OpenAI financing guarantee is circular financing in disguise, handing Appl...

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