Investors Question Hyperscalers' AI Capex Returns

Jefferies analyst Christopher Wood told ET Now that investors are increasingly scrutinizing massive AI capital expenditure by hyperscalers and singled out Anthropic as the most interesting emerging company. He noted hyperscalers project about $620 billion in spending this year, questioned whether that capex will deliver returns, and warned of risks to private-equity and private-credit markets if sentiment reverses.