AI Capex Boom Risks 'Massive Capital Destruction' in the US, Warns Veteran Market Strategist: 'You Could Get Some News Item That Suddenly…'
Chris Wood, Global Head of Equity Strategy at Jefferies, raised concerns over the sustainability of the current trend in AI investments, warning of a potential implosion due to a shift towards debt financing and the risk of a funding break. Wood, in an interview with CNBC-TV18 on Thursday, expressed apprehension about