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Hardware · The Times of India

Global Market: AI chip rally faces valuation test as investors rotate towards hyperscalers

By Anupam NagarJuly 17, 2026 · 1 min read

AI chipmaker stock rallies are losing momentum as investors reassess valuations. Hyperscaler capital expenditure growth is projected to slow sharply after this year. Fund managers are rotating capital into hyperscalers and AI-benefiting sectors. Financing AI …

The extraordinary rally in artificial intelligence chipmakers is showing signs of losing momentum as investors reassess lofty valuations and question whether the rapid pace of spending on AI infrastr…

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