Hedge fund manager Gavin Baker says investors have been too quick to judge Big Tech's AI spending

Traders work on the floor of the New York Stock Exchange in New York. NYSE Gavin Baker of Atreides Management says Big Tech's capex spending is beginning to pay off. In July, investors worried about massive AI infrastructure spending sold off memory and chip stocks. Baker said AI companies are starting to show improve

Meta Stumbles as Tech Investors Demand Better Answers on AI Spending  wsj.com

CNBC's Jim Cramer said the collapse of AI-focused hedge fund Situational Awareness removed a major source of forced selling.