New Delhi, Oct. 3 -- The global technology sector is entering a crucial phase as the artificial intelligence spending cycle continues to reshape corporate earnings, even as rising bond yields and tighter financial conditions create a fresh challenge for equity valuations.

While strong earnings growth has helped US equities absorb geopolitical tensions and higher borrowing costs so far, Chris Wood of Jefferies said in the latest GREED & fear report that growing questions over how long the AI capital expenditure cycle can continue and whether the massive investments being made will generate adequate returns.

The report, dated October 1, 2026, noted that the IT sector is benefiting disproportionately from the AI-led investment boom.

Accor...