Investor concerns over AI Capex returns may grow as Big Tech market leadership weakens: Jefferies

Feb 13, 2026 - 16:39
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Investor concerns over AI Capex returns may grow as Big Tech market leadership weakens: Jefferies
The report stated that its base case is that the market leadership of Big Tech in the US stock market is breaking down. It added that the trend of investors starting to question the returns from AI capex has only just started, and there is huge potential for these concerns to grow in the coming quarters.

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