Former JP Morgan Chief Strategist: If a giant announces "a pause in capital expenditures"
Former JP Morgan Chief Strategist Marko Kolanovic stated on social media that he expects large companies to announce a pause in capital expenditures on artificial intelligence, which could lead to a 50% drop in U.S. memory stocks. He mentioned that the tech giants Mag 7 significantly raised their capital expenditure expectations in their earnings reports, but the market reacted tepidly, especially as Amazon's stock price has fallen for nine consecutive days, entering a bear market
Marko Kolanovic has been a "big short" in this round of the U.S. stock market, and he posted on x:
I believe a giant will soon announce a pause in artificial intelligence capital expenditures. At that time, U.S. memory stocks will drop by 50% (30% in Korea), just like silver did a few weeks ago.
Previously, the tech giants in the U.S. known as the Magnificent Seven significantly raised their capital expenditure expectations for this year in their earnings reports, which led to the market "voting with their feet." Among them, Amazon, which had the highest capital expenditure target, faced a rare "nine consecutive declines," with its stock price entering a bear market.
