Apple is releasing its earnings report tonight, and the real bombshell lies in its storage costs. AI has spurred a surge in memory production capacity, causing memory chip prices to skyrocket. Apple's revenue forecast has increased by 11%, but costs are being squeezed. Tonight, we're not looking at revenue, but at gross margin guidance. If Apple lowers its gross margin guidance, that would be the bloodiest example of AI backfiring on tech giants, and the last dam breaking the AI recession in US stocks. Once the dam collapses, the flood will inundate all assets, including Bitcoin.