New Delhi, Feb. 13 -- The trend of investors questioning returns from artificial intelligence (AI) capital expenditure is expected to grow in the coming quarters as the market leadership of Big Tech in the US stock market shows signs of breaking down, according to a report by Jefferies.

The report stated that its base case is that the market leadership of Big Tech in the US stock market is breaking down. It added that the trend of investors starting to question the returns from AI capex has only just started, and there is huge potential for these concerns to grow in the coming quarters.

Jefferies said, "GREED & fear's base case is that the market leadership of Big Tech in the US stock market is breaking down. GREED & fear's view is that...