Jefferies: U.S. AI Capital Expenditure Expected to Peak This Year, Bullish on China's AI Applications

WealthCoffee · 2026-03-17T07:44:15+00:00

Jeffrey Equities Global Strategy Chief Christopher Wood predicts that U.S. artificial intelligence capital expenditure will peak in 2026, while China's AI investment will continue to rise, driven primarily by its continuously evolving applications.

WealthCoffee

2026-03-17 07:44:15

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[Caixin] Jefferies Global Equity Strategy Head Christopher Wood predicts that by 2026, U.S. capital expenditure on artificial intelligence (AI) will peak, while China’s AI capital expenditure continues to rise, driven by the ongoing development of AI applications in China.

Christopher Wood made this statement at the Jefferies Asia Forum held in Hong Kong from March 17 to 19, 2026. He has been writing the renowned investment newsletter Greed and Fear for over 20 years, warning of bubbles during the internet bubble and the early signs of the U.S. real estate bubble.

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