Can Hyperscalers Keep Supporting the Market?
AI safety concerns and questions about massive capital spending have stalled the AI stock momentum rally, leading to a broader market pullback referred to as the 'Tech Wreck.' Chief Equity Strategist John Blank discusses whether federal-level AI safety action or investor concerns over capex spending versus revenue yield are the primary drivers, and examines the impact on major AI infrastructure companies including Alphabet, Microsoft, and Amazon.