Newscasts - AI spending concerns rippling through market, strategist says
04/11/2025 22:48
Click the following link to watch video: https://share.newscasts.refinitiv.com/link?entryId=1_og4s37ja&referenceId=tag:reuters.com,2025:newsml_RW941904112025RP1_930&pageId=Newscasts Source: 'Reuters - Business videos' Description: Rob Haworth, senior investment strategy director at US Bank Asset Management Group, said OpenAI's $38 billion purchase of Amazon's cloud services is just the latest in a string of deals highlighting the massive investment needed to build out AI. Short Link: https://lseg.group/4oWyIJW Video Transcript: The Amazon OpenAI deal comes on the heels of a deal between OpenAI and Oracle and OpenAI and others. I think there's a lot of concerns that the hyperscalers are having to prop up the purchases for artificial intelligence. We think we're awfully early in the news cycle for that. We're really still in the build-out phase and just now getting into the transition phase into implementation and use cases. We're seeing that early on here in healthcare when it comes to data analysis for healthcare, data management for healthcare. I think there's a lot of opportunities that are starting to pop up in that industry that are showing the use cases for AI have some legs here to run. But for now, the market is maybe taking a beat, especially ahead of NVIDIA's earnings, which come out November 19 and will provide us a little more insight as to how they're seeing the investment cycle unfold.