Jefferies’ Chris Wood called Japan’s crash and the U.S. housing bubble. He’s now warning of an ‘AI capex arms race’

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Jefferies’ Chris Wood called Japan’s crash and the U.S. housing bubble. He’s now warning of an ‘AI capex arms race’

fortune.com/2025/11/20/ai-bubble-bust-capex-christopher-wood

Christopher Wood has a track record of spotting speculative bubbles. He called the dotcom boom, Japan’s credit bubble and the U.S. housing bubble before many of his contemporaries. So when he warned of an “AI capex arms race” at the Fortune Innovation Forum in Kuala Lumpur, Malaysia on…

This story appeared on fortune.com, 2025-11-21 03:52:24.