SHIFT · GLOBAL
Citi research: AI boom is 'far from over' despite market volatility and sector consolidation
Citi analyst Drew Pettit told CNBC that AI adoption and capex are structurally accelerating, not cyclical. Pushes back on bear case that Nvidia, AI infrastructure spending is peaking.
WHY IT MATTERS
Wall Street research consensus is shifting to *structural* AI growth narrative. Signals continued willingness by large banks to fund AI/ML hiring and infrastructure despite near-term forecast misses. BFSI AI budgets will be defended in 2027 despite recession fears.
Source: CNBC TV18 · 2026-05-21