Daily Earnings: Tech giants bleed cash for AI hardware | AMZN, AAPL | Jul 30

The explosive physical cost of securing AI hardware components is now so severe that it is fundamentally altering cash flow profiles and consumer pricing models across big tech.- AMZN reversed its historical free cash generation to fund massive server buildouts.- AAPL formally raised retail iPad and Mac prices to survive skyrocketing memory costs.- Massive non-operating paper markups and temporary tariff refunds are masking the cash bleed.Wall Street is eagerly rewarding top-line cloud growth while completely ignoring the heavy physical infrastructure debt accumulating underneath.