Big AI reset ahead? Chris Wood doubts hyperscalers’ $990 bn capex estimates, highlights India’s reverse AI trade advantage
Economic Times 51 min ago·25 Sept 2026, 7:31 am
Jefferies strategist Chris Wood has raised concerns about the massive spending plans of major technology companies. He questions whether the projected $990 billion in capital expenditure by 2027 is realistic, suggesting the current narrative around Artificial Intelligence investment may need a significant reset.
This shift in outlook could impact the broader market, particularly the tech sector. Investors are closely watching how these companies manage their budgets and whether their spending plans will align with actual revenue growth.
Wood also points to a potential opportunity in India. He suggests that Indian IT services companies might benefit from this scenario, potentially offering a different investment angle compared to the major global tech players.
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