Wall Street empieza a atragantarse con la gigantesca ola de deuda de la IA

Mid-week, US investors are showing caution on Wall Street as the major indices remain slightly higher or unchanged. The Dow Jones Industrial Average, a benchmark of large-cap stocks, is nearly unchanged at 52,432 points. The S&P 500, a broader index, also shows little change at 7,742 points. The tech-focused Nasdaq is up 0.4% at 25,571 points, while the Nasdaq 100, which tracks the 100 largest non-financial US companies by market cap, rises 0.4% to 29,774 points.

Investors are bracing for a flood of new data, including quarterly earnings from Microsoft and Alphabet, two of the seven "Magnificent Seven" tech giants. The focus will be on the cloud computing business of these companies, often viewed as a key indicator of demand for artificial intelligence. Ted Parrish, Chief Investment Officer at Parrish Capital, notes that a further acceleration in cloud growth would be reassuring, as it would boost investor confidence in AI-related investments.

If the companies underperform in cloud growth or fail to demonstrate the value of their investments, their stock prices could tumble, similar to Meta's seven percent drop after reporting disappointing earnings last week. Despite some promising trends at Meta, these were overshadowed by the company's plan to increase future investment pledges from $125 billion to $825 billion, which cast a shadow over its stock performance following the earnings release.