AI Fever Cools | Sending Nasdaq 100 Into $1 Trillion Tailspin – Bloomberg

“The overarching concern is, where is the ROI on all the AI infrastructure spending?” said Alec Young, our chief investment strategist in an interview with Bloomberg.

AI Fever Cools | Sending Nasdaq 100 Into $1 Trillion Tailspin

“There’s a pretty insane amount of money being spent. Maybe it’ll pay off in a few years. But I think investors realize that the payoff is going to take time to materialize, and the hyper scalers earnings are being hurt in the short term by how much they’re spending on it.”