Midterm elections provided the hyperscalers with the excuse they needed to cut back on spending, says Jefferies strategist

Source: MarketWatch ·

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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