Melissa Otto, Head of Research at S&P Global Visible Alpha, stated that the massive AI investments that previously supported the stock market to reach new highs are now facing significant challenges, as the Middle East crisis has clouded the prospects for economic growth and energy costs. Previously, tech giants like Microsoft and Amazon planned to invest approximately $635 billion in AI infrastructure by 2026, but soaring oil prices may force companies to adjust their spending plans, triggering a stock market correction.
