Kaitou Macro pointed out that although investors have been hit hard recently, as the AI investment boom gradually subsides, US stocks will also face an even worse sharp decline. Vicky Redwood, the agency's chief economic adviser, said in a report last Friday that although AI has the potential to increase productivity, she is pessimistic about whether it can generate enough revenue to maintain the current investment growth rate. A few hyperscale cloud service providers will spend $800 billion this year, double that of last year, and are expected to invest $1 trillion or more in 2027. According to many predictions, the annual capital expenditure of these companies will remain above 1 trillion US dollars in the next few years. However, Redwood estimates that if such huge expenses are to be justified, AI-related annual revenue from external customers will have to surge tenfold by 2030. While this is possible, it means that the economy will face far more drastic and rapid disruptions than currently seen, such as large-scale replacement of existing businesses and labor. As a result, she believes AI investment will continue to grow next year, but the growth rate will slow down, followed by a 10% decline in 2028.

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