Daily Earnings: Hardware hoarding eats software budgets | GOOG, IBM, TSLA | Jul 22

The desperate corporate race to physically scale AI infrastructure has become so inherently expensive that it is severely draining major tech balance sheets and actively cannibalizing standard enterprise software budgets.- IBM watched high-value software deals collapse as enterprise clients abruptly redirected cash to hoard physical servers.- Alphabet reported deeply negative free cash flow after pouring billions into rapid data-center infrastructure buildouts.- Tesla plans dropping shipping-container server racks onto public Supercharger sidewalks to bypass standard grid bottlenecks.The strict physical constraints of terrestrial power grids and land procurement are forcing historically capital-light tech giants to fundamentally operate exactly like cash-burning heavy industry.