Wall Street Is Growing Skeptical of the Data Center Boom - The New York Times
Why now
Thesis: Data-center capex skepticism can compress AI-infrastructure multiples.
Catalyst to watch: Capex guidance cuts.
Main risk: Strong earnings rebuttal.
Why it matters
Skepticism about data-center capex payback can compress AI-infrastructure multiples even without an earnings miss.
Sources
- googlenews · news.google.com · 2026-09-21 18:26 UTC