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AI Spending Revisions ‘Insane,’ Gabelli’s Belton Says

Bloomberg•Monday, October 27, 2025 at 8:15:09 PM
PositiveFinancial Markets
AI Spending Revisions ‘Insane,’ Gabelli’s Belton Says
John Belton, a portfolio manager at Gabelli Funds, recently shared insights on Bloomberg The Close, highlighting that the AI investment cycle is just beginning. His optimistic view suggests that there are significant opportunities ahead in AI spending, which could lead to substantial growth in the sector. Additionally, he commented on Amazon's recent job cuts, indicating that these moves are part of a broader trend in the tech industry. This discussion is crucial as it reflects the evolving landscape of technology investments and the potential for future advancements.
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