The AI hype cycle is hitting a reality check. 📉 Wall Street is shifting from pricing in AI promises to demanding actual returns. What's weighing on the sector? 💸 Capex overload: $MSFT, $GOOGL and $AMZN are spending billions on AI infrastructure. Investors want to see stronger returns. 💥 Hardware pressure: Memory costs, supply constraints and fierce competition are creating volatility across $NVDA, $INTC and the chip sector. 🇨🇳 Global competition: More efficient, lower-cost AI models are challenging the pricing power of established players. Is this a healthy valuation reset, or the beginning of an AI bubble deflating? Which AI stocks are you watching? #AI #Stocks #Investing