{
  "id": 1423694,
  "title": "Analysis:Big investors hunt for tomorrow's AI winners as capex angst fades",
  "url": "https://urgent.news/2026/08/17/analysis-big-investors-hunt-for-tomorrows-ai-winners-as-capex-angst",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-17T05:01:29.000Z",
  "source": {
    "name": "Channel News Asia",
    "slug": "channel-news-asia",
    "url": "https://www.channelnewsasia.com/business/analysisbig-investors-hunt-tomorrows-ai-winners-capex-angst-fades-6323231"
  },
  "original_language": "en",
  "account": "Investors are increasingly focusing on which companies will deliver long-term returns from the artificial intelligence (AI) investment story, rather than questioning whether Big Tech's spending spree will pay off, according to wire reports. Microsoft and Amazon's recent results have reassured markets that demand for AI infrastructure remains robust, with cloud growth accelerating and capacity constraints persisting. Asset managers are now trying to identify companies capable of sustaining profit growth once these constraints ease.\n\nTop AI capex spenders, such as Nvidia-backed CoreWeave and Nebius, have lagged the performance of the four biggest AI capex spenders, which include the hyperscalers. The hyperscalers, or the biggest cloud service providers, are seen as likely beneficiaries of the AI paradigm shift due to their scale and ability to rapidly expand AI infrastructure to meet customer demands. Brian Barbetta, co-head of the technology platform at Wellington Management, noted that hyperscalers are core holdings in their portfolios and they have increased their positioning in these companies recently.\n\nDespite the challenges faced by AI monetisation, Barbetta expects competition to narrow the field of AI winners over time, with those companies possessing the broadest technology portfolios, deepest customer relationships, and greatest control over their own infrastructure likely to emerge as the future winners.",
  "summary": null,
  "key_points": [
    "Investors focus on AI companies' long-term returns, not Big Tech spending",
    "Microsoft and Amazon's recent results reassure markets about AI infrastructure demand",
    "Hyperscalers like Amazon and Microsoft likely to benefit from AI paradigm shift"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "Analysis:Big investors hunt for tomorrow's AI winners as capex angst fades",
        "url": "https://urgent.news/2026/08/17/analysis-big-investors-hunt-for-tomorrows-ai-winners-as-capex-angst-1425992",
        "published": "2026-08-17T05:01:29.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}