AI capex cycle likely to end with market pushback, not spending cuts: Jefferies

New Delhi [India], July 5 (ANI): The AI investment cycle is most likely to end not because US hyperscalers cut spending, but because markets start pushing back against the lack of returns, Global Brokerage firm Jefferies said in a report. The report argued the turning point will come when investors focus on what it calls a massive wealth transfer from hyperscalers' balance sheets to North Asia.