Citi analyst says AI spending will pay off for investors despite $2T Mag Seven losses
By
Monica L. Correa
Summary
Citi's global head of tech research, Heath Terry, argues that the tech rally remains durable despite regulatory headwinds and a $2 trillion loss in Magnificent Seven market cap. He suggests investors who are currently weary of massive AI expenditures will eventually appreciate them.
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Key quotes
· 1 pulledInvestors may be weary of massive AI expenditures, but will love them later – analyst
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