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Midterm elections provided the hyperscalers with the excuse they needed to cut back on spending, says Jefferies strategist
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MarketWatch reports on comments from Jefferies strategist Chris Wood, who says the midterm elections gave the hyperscalers the excuse they needed to cut back on spending. According to the piece, Wood suggests that if the AI capital spending narrative is losing momentum, investors could look to sectors such as pharma and to markets including India, Brazil and China as ways to play that slowdown.
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Midterm elections provided the hyperscalers with the excuse they needed to cut back on spending, says Jefferies strategist
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.
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