The math is getting challenging: economic realities start to bite as UBS downgrades U.S. tech stocks

Core Viewpoint - The global head of equities at UBS highlights the increasing difficulty for AI developers to convert capital expenditures (capex) into profits amid a surge in funding commitments and challenges in securing that funding [1] Group 1 - The question of transforming capex into profits is becoming more complex for AI developers [1] - There is a notable boom in funding commitments for AI development [1] - Securing funding is becoming increasingly challenging for AI developers [1]