Morgan Stanley retains USD 3.4 trillion AI spending forecast despite tech stock selloff
Major technology companies are expected to maintain their massive artificial intelligence (AI) investment plans despite a sharp post-election selloff in technology stocks, with Morgan Stanley retaining its forecast of USD 3.4 trillion in combined capital spending by major cloud companies in 2028 and 2029.
Major technology companies are expected to maintain their massive artificial intelligence (AI) investment plans despite a sharp post-election selloff in technology stocks, with Morgan Stanley retaining its forecast of USD 3.4 trillion in combined capital spending by major cloud companies in 2028 and 2029.
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