Most Fund Managers Do Not Expect Hyperscalers to Cut Capital Spending

Most fund managers do not expect hyperscalers to cut capital spending in the coming months, even as a growing share of investors anticipates a pullback in spending on artificial intelligence infrastructure.

The changing expectations show that investors are questioning whether the AI investment boom can continue at its current pace.

The outlook remains divided. Expectations of potential capital-spending cuts are increasing, but they have not overtaken the broader view that hyperscalers will continue investing in the coming months.