Bloomberg Surveillance AI Capex Concerns Persist & Central Banks on Hold
Feb 5, 2026
Alexis Christoforous, anchor delivering fast headlines and lifestyle scoops. Wendy Schiller, Brown political scientist on ICE and homeland-security shifts. Dan Ives, tech analyst dissecting AI CapEx, SpaceX–xAI ties and software disruption. Jordan Rochester, FICC strategist on central-bank holds, FX moves and fixed-income trade ideas. They cover rate decisions, AI arms-race spending, ICE politics and market trade strategies.
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Dollar Dynamics Are Broken Post-Liberation Day
- FX correlations have broken since
CapEx Validates An Ongoing AI Build-Out
- Dan Ives calls current tech capex and cloud investment evidence the AI build is real and monetization is starting.
- He argues this is a multi-year revolution, not a short bubble, driven by hyperscaler spending.
AI Will Spark A Big Software M&A Cycle
- Ives predicts a large M&A cycle in software as companies consolidate to capture AI-driven use cases.
- He sees winners like Palantir, Snowflake and others benefiting from enterprise AI demand.