Dollar and US Treasury yields fell as concerns grew over the sustainability of a
debt‑financed AI investment boom. JEFFERIES economist Mohit Kumar projects the
US will invest the equivalent of 2.5–3% of GDP in capital expenditure and AI
infrastructure over the next three years, a scale larger than any prior US
infrastructure expansion. He warns that a slowdown in AI infrastructure buildout
would materially affect suppliers and broader US economic activity.
