JPMorgan Chase: "Open source disruption" and "AI security" are not the real issues; there is still room for capital expenditure over the next two years; semiconductor equipment will become the "new bottleneck."
Market confidence in AI infrastructure investment has recently wavered. The rise of open-source big data models, increasing calls for AI safety regulation, and the negative free cash flow of hyperscale cloud vendors—these triple pressures have led to a continued downturn in sentiment in the technology hardware sector.
According to
