17 Sep 2025 | 5 Mins Read
Jefferies analyst warns of AI stock market bubble
Flipitmoney
Christopher Wood, global head of equity strategy at Jefferies, warns that the US equity market's momentum, driven by the "AI capex arms race," may end in a "massive overinvestment bust" if investors ignore signs of unsustainable capital spending by tech giants, particularly the four US hyperscalers and Nvidia, who have guided $350 billion in AI-related infrastructure spending for this year.