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Story summary
- In Milan, Italy, investors said AI investment focus has shifted to long-term return firms.
- Analysts Brian Barbetta of Wellington Management and Richard Clode of Janus Henderson said hyperscalers will outpace capex growth, projecting $340 billion of cash flow in 2027 versus 2025 and capex rising $534 billion.
- John Lamb of Capital Group advised holding chips and hyperscalers, noting data centres need 12-18 months to earn revenue.
