John Belton expects major attention on capital expenditure plans from technology behemoth as the AI buildout continues. Last quarter, investor sentiment soured around many of these stocks due to concerns that hefty investment in the trend isn’t showing.
“Each of these companies are going to continue to grow their capex next year, but I think this could be the first earnings cycle where the market is not overly surprised,” said the portfolio manager at Gabelli Funds.
