Tech investors are back in record territory, but the relentless rally carries an expensive question.
The Nasdaq is up 15% in 2026, even as the AI arms race continues to accelerate, according to Reuters.
Consensus estimates put combined CapEx spending by five of the biggest U.S. hyperscalers near $730 billion this year, as per Reuters, prompting Wall Street to question whether cloud and AI revenue can continue to outpace the cash going into data centers.
Legendary fund manager Stanley Druckenmiller has hardly sounded euphoric.
Earlier this year, the billionaire investor said that AI was no longer playing the starring role in his illustrious portfolio, recalling that the trade had become "disturbingly heated" last summer.
#reuters #question
The Nasdaq is up 15% in 2026, even as the AI arms race continues to accelerate, according to Reuters.
Consensus estimates put combined CapEx spending by five of the biggest U.S. hyperscalers near $730 billion this year, as per Reuters, prompting Wall Street to question whether cloud and AI revenue can continue to outpace the cash going into data centers.
Legendary fund manager Stanley Druckenmiller has hardly sounded euphoric.
Earlier this year, the billionaire investor said that AI was no longer playing the starring role in his illustrious portfolio, recalling that the trade had become "disturbingly heated" last summer.
#reuters #question
3 months ago
