Alphabet gets punished for spending on AI. Microsoft gets applause for the exact same thing. Meanwhile, oil's flirting with $115 and central banks are pretending they're not cornered. Correspondent Howie Lim speaks to Paul Chew from Phillips Securities Research to dissect the $400 billion AI reality check, the memory chip cash war, and why one obscure indicator could steer your portfolio through next week's chaos. Maybe the confusion can be profitable!

Highlights:

00:46 $400 billion AI reality check

02:56 Memory chips vs. shareholder yield

05:05 The rate decision nobody wants to make

08:58 Asian whipsaw

10:22 The one indicator steering next week's chaos

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Send us your questions, thoughts, story ideas, and feedback to btpodcasts@sph.com.sg.

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Written and hosted by: Howie Lim (howielim@sph.com.sg)

With Paul Chew, head of research, Phillip Securities Research

Edited by: Howie Lim & Claressa Monteiro

Produced by: Howie Lim & Rachna Raghu

A podcast by BT Podcasts, The Business Times, SPH Media

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