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Our thoughts on the AI-capex free-for-all in the FT.
“These are wild times,” said Drew Dickson, founder of Albert Bridge Capital. “We’ve evolved from an environment where capex alone was enough to trigger euphoria to one where the market expects it to translate into revenue growth in a time horizon that makes little sense.”
Full article here.
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Big Tech's 'breathtaking' $660bn spending spree reignites AI bubble fears
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/0e7f6374-3fd5-46ce-a538-e4b0b8b6e6cd Big Tech stocks have sold off heavily after the companies unveiled plans to spend $660bn this year on AI, as investors fret that the “breathtaking” capital expenditures are outpacing the earnings potential of the new technology.
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