AI theme is still driving markets from top to bottom, says Solus' Dan Greenhaus

Group 1 - The AI theme continues to drive market performance, with significant deals like the Soft Bank deal reinforcing this trend [2][3] - Companies are in the early stages of implementing AI, which is expected to enhance productivity and support margins [4] - There is no evidence of a slowdown in demand for AI, as companies are reaffirming or increasing their capital expenditure plans [5][8] Group 2 - The return on invested capital in AI remains uncertain, with discussions about spending potentially reaching a trillion dollars without clear returns [6][5] - Many companies are not highly leveraged, allowing them to continue investing in AI without significant financial strain [7][8] - A rotation in market allocation is observed, with some larger tech names selling off while sectors like healthcare, financials, and materials are gaining traction [9][10]