Midterm elections provided the hyperscalers with the excuse they needed to cut back on spending, says Jefferies strategist

November 13, 2026 · 1:43 pm 1 sources

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• Midterm elections provided the hyperscalers with the excuse they needed to cut back on spending, says Jefferies strategist
  MarketWatch · November 13, 2026 13:43
  If the AI capex narrative is losing momentum then Jefferies strategist Chris Wood can recommen some sectors , like pharma, and some markets like India, Brazil and China, as ways to play that slowdown.