00:02you're listening to ai prism from seoul economic daily foreign investors watching korea just got
00:09five fresh signals from global tech earnings and one domestic policy gap spacex's short interest
00:17just overtook teslas hitting an all-time high amazon crossed the three trillion dollar market
00:23cap club on cloud strength alone nine global cloud giants are lifting capital spending 90 this year
00:31and korea just left electric vehicles out of its new production tax credit a gap chinese automakers
00:38are already exploiting it's wednesday august 5th here's why global investors are paying attention
00:45to korea today global capital is rotating hard toward ai infrastructure winners while punishing
00:52anyone seen as overspending without proof of return amazon's cloud unit convinced the market
00:58it's different from meta and alphabet both of which posted their first ever quarterly free cash flow
01:05declines of note at the same time korea's own ev makers are losing ground at home as chinese imports
01:13climb toward a third of new registrations with no fresh tax relief coming from seoul here's what the
01:19numbers show amazon's shares rose 4.58 to 284.02 on august 3rd pushing its market cap to 3.06
01:31trillion
01:31dollars a level reached by only four other companies before it amazon's aws division posted 42.2 billion
01:40dollars in quarterly revenue up 37 year on year its fastest growth since the fourth quarter of 2021
01:50spacex's short interest climbed to 23.6 billion dollars or 32.2 percent of its tradable float
01:57overtaking tesla's roughly 22 billion dollars in short bets ahead of its first lockup expiration
02:04on august 6th nine global cloud service providers plan 886.7 billion dollars in combined capital
02:13spending this year up about 90 percent with next year's total projected at 1.3 trillion dollars
02:20microsoft's azure cloud revenue topped 100 billion dollars for the first time this past quarter growing 43
02:28faster than the prior quarters 40 percent china made electric vehicles captured 34 percent of new ev
02:37registrations in korea this year up from just 4.7 percent in 2022 while korean made share fell from 75
02:46percent to 57.2 percent korea's government excluded evs from its new domestic production tax credit
02:54a decision industry groups are still pushing to reverse through pending legislation sheehan is now
03:02marketing its hong kong ipo at a 30 to 40 billion dollar valuation down as much as 70 percent from
03:10the 98.2
03:11billion dollars it was valued at in 2022 so what does this mean for global investors weighing exposure
03:18to korea earlier we said spacex's short interest overtook tesla's at an all-time high here's what
03:26that actually means for you the coming lockup expiration and earnings print are the binary
03:32catalyst to watch this week and the same prove the ai spend pays off scrutiny hitting meta and alphabet
03:40is now the lens funds are applying to every hyperscaler link position including korean memory and
03:46equipment suppliers tied to that capex cycle closer to home the ev tax credit gap adds a policy risk to
03:54hyundai and kia exposure that wasn't priced in a quarter ago even as memory chip exports stay resilient
04:01that's today's ai prism global investors this episode was produced with ai assistance based on sole
04:09economic daily reporting and reviewed by a human editor ai prism is a juan ifra award-winning
04:16winning series we'll be back tomorrow you've been listening to ai prism from sole economic daily
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