Emerging markets look increasingly compelling as U.S. rally reaches its 'final innings': CITIC CLSA

CITIC CLSA’s Shaun Cochran says China’s open-source AI and robotics strengths could outcompete the U.S., but warns that widening credit spreads may force Big Tech to rein in AI capex. He flags that capex pullbacks tied to tighter credit conditions could be the trigger for a broader market downturn.

Analysis

CITIC CLSA’s Shaun Cochran says China’s open-source AI and robotics strengths could outcompete the U.S., but warns that widening credit spreads may force Big Tech to rein in AI capex. He flags that capex pullbacks tied to tighter credit conditions could be the trigger for a broader market downturn.