If the AI capex narrative is losing momentum then Jefferies strategist Chris Wood can recommen some sectors , like pharma, and some markets like India, Brazil and China, as ways to play that slowdown.
Midterm elections provided the hyperscalers with the excuse they needed to cut back on spending, says Jefferies strategist
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MarketWatch Top StoriesBy Jules Rimmer
EXECUTIVE SUMMARY
If the AI capex narrative is losing momentum then Jefferies strategist Chris Wood can recommen some sectors , like pharma, and some markets like India, Brazil and China, as ways to play that slowdown.
Key Takeaways
- Midterm elections provided the hyperscalers with the excuse they needed to cut back on spending, says Jefferies strategist.
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