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Chris Wood warns AI capex binge may burn billions as markets turn against Big Tech spending

Posted on August 1, 2026
By Business News Today
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1 min read

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Chris Wood warns AI capex binge may burn billions as markets turn against Big Tech spending

Woods long-standing view is that the “hyperscalers will end up blowing a lot of money on their capex binge” and that AI could resemble the airline industry more than the winner-takes-all economics of the internet era.