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Markets keep rewarding AI capex, even as the yen stays under pressure
Finance·Medium term·▲ +2%

AI infrastructure spending will keep supporting Big Tech valuations while yen volatility stays a policy headache.

This is the cleanest cross-asset signal in the finance feed: AI spending is still being rewarded, but macro risk has not gone away.

AI reasoning

This is the cleanest cross-asset signal in the finance feed: AI spending is still being rewarded, but macro risk has not gone away.

Curated summary

Morningstar’s market brief says stocks hit record highs as strong earnings lifted sentiment and traders cut odds of a September Federal Reserve rate hike after a weak July jobs report. It also says investor doubts are fading around massive AI infrastructure spending by Amazon, Microsoft and Alphabet, and flags the yen’s slide alongside joint US-Japan support efforts. The piece ties AI capex, rates and currency policy into one market narrative.

Supporting evidence

Source news

Markets keep rewarding AI capex, even as the yen stays under pressure

Big Tech spending is still being treated as a growth engine, while currency volatility keeps traders alert.

Morningstar·1h ago
Read full article at Morningstar