Amazon reported negative free cash flow of $42.4 billion as heavy investment in infrastructure continues to shape its financial picture. The company kept its 2026 capital spending plans unchanged, signalling that data centres and AI remain priorities even as investors weigh the pressure on near-term cash generation.

Apple’s push to build smarter iPhones is strengthening the hand of the memory chipmakers it depends on. With advanced components in high demand and production capacity difficult to expand quickly, suppliers may gain more influence over prices, timelines and the terms of future deals. The contest could reshape how Apple plans its devices and how much leverage it can bring to the negotiating table.