AI Bubble Warning: Jefferies Changes Stance as Private Credit Fuels Capex

• An investor who avoided calling an AI bubble for three years is now changing their mind.
• S&P 500 fell 2% and Nasdaq dropped 4.79% over the last month due to AI disruption fears.
• Nvidia and four major hyperscalers' market cap share in S&P500 decreased from 27.4% to 24.7%.
• Jefferies' 'GREED & fear' report cites growing private credit involvement in AI capex as a concern.
• Hyperscalers plan over $600 billion for AI infrastructure this year, up from $350 billion last year, with significant debt raising.