Watch Desk posted an update
Morgan Stanley Wealth Management CIO Lisa Shalett says bottlenecks in AI capital spending are shifting into areas that could raise fresh questions for investors. She still expects the growth story in tech earnings to hold, according to Bloomberg’s summary of her interview on Bloomberg Surveillance.
Why it mattersThat is a useful tension to watch: strong earnings expectations can coexist with new constraints on AI investment. The crucial detail is where the bottlenecks are moving, not just how much is being spent.
Discuss: Which matters more to investors now: the earnings growth AI spending may support, or the bottlenecks that could make that spending harder to deliver?
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