Editorial companion

What stands out

Brian Sozzi points to hyperscalers, large cloud customers running expensive AI projects, as the real pressure on tech cash flow, not Intel's memory warning, and highlights a startling swing at Amazon where free cash flow moved from a $14.8B inflow to a $-42.4B outflow over twelve months. The clip connects that capex shock to broader credit stress for suppliers and shows how AI spending can ripple from data centers into corporate cash statements, altering the narrative around who is to blame for the tech selloff.