WS #11978
Despite geopolitical jitters, AI spending fundamentals remain robust with Meta, Intel, and TSMC announcing large investments; Apple sues OpenAI over trade secret theft. Fed's Waller signals rate hike possible if core inflation remains hot; concerned about elevated core inflation pace; still a credible case for inflation to fall to 2% without higher rates.
AI Spending Fundamentals
Despite geopolitical jitters, AI spending fundamentals remain robust with Meta, Intel, and TSMC announcing large investments; Apple sues OpenAI over trade secret theft.
Fed's Waller signals rate hike possible if core inflation remains hot; concerned about elevated core inflation pace; still a credible case for inflation to fall to 2% without higher rates.