Jefferies’ Chris Wood warns of significant capital destruction in the current AI investment cycle, drawing parallels to past boom-and-bust scenarios. He highlights that US tech giants, investing heavily in AI capex, are most likely to bear the brunt of this potential destruction, unlike China’s comparatively smaller investment.
S&P 500, Nasdaq post best quarter since 2020 despite Iran war
Indian markets closed the quarter on a high, mirroring global trends with significant gains for the S&P 500 and Nasdaq, driven by optimism around economic