[Wolfe Research Warns: Investors May Overestimate AI Investment Growth Prospects] BlockBeats News, February 25: Wolfe Research has warned that investors may be overestimating the growth prospects of AI investments, even as the market remains volatile. Recent trading shows that just headlines alone can drive the S&P 500, Nasdaq 100, and Russell 2000 indices down by approximately 1%–1.6%. Wolfe Research analyst Chris Senyek pointed out that while hyperscale cloud providers are expected to exceed capital expenditure forecasts in 2025, there is uncertainty about whether this pace can be sustained in 2026. Bottlenecks such as power, raw materials, and regulations could slow down large-scale AI infrastructure development in the second half of 2026. If the growth rate of spending slows, it could benefit industries previously pressured by AI concerns but would have a significant negative impact on stocks heavily reliant on AI investments, such as those in the semiconductor and industrial sectors.