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Citi analyst says AI spending will pay off for investors despite $2T Mag Seven losses

By

Monica L. Correa

3h ago· 1 min readenNews

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.

Source

bskyCiti analyst says AI spending will pay off for investors despite $2T Mag Seven lossesseekingalpha.com

Key quotes

· 1 pulled
Investors may be weary of massive AI expenditures, but will love them later – analyst
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Tech rally holds despite regulation and $2T Mag Seven losses.

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