🇫🇷 French, 25 October 2026, AI investment
Wall Street caught up by the bill of the AI boom
The gap between billions invested and expected revenues tests investor confidence.
The Nasdaq lost 2.6% in a single session on Thursday, October 22. The tech giants continue to take on more debt to finance massive infrastructure. However, the gap between the billions invested and expected revenues is putting investor confidence to the test. The big bet on AI by Wall Street is giving even the most seasoned investors the cold sweats.
The California Public Employees’ Retirement System (Calpers) reduced its exposure to the ‘Seven Wonders’, the American tech giants that have been driving the AI-driven stock market boom for months. ‘We replaced a strong exposure to seven companies with an exposure to several hundred companies,’ said Calpers’ CEO, Anton Orlich, in the Financial Times.