Wall Street Reassesses the AI Trade as Debt and ROI Concerns Mount

The market's once-unshakeable faith in artificial intelligence is facing a historic reckoning. After years of unchecked enthusiasm and record capital deployment toward AI infrastructure, investors and financiers are now questioning whether the trillions being spent on data centers, chips, and computational power will ever generate adequate returns. The shift has created a liquidity crunch that is rippling across the financial system.