Hundreds of billions in planned AI infrastructure investments facing potential delays—and the stock market isn't taking it well. This spending pullback is adding fresh pressure to the broader rally we've been seeing.

Why does this matter beyond traditional markets? Simple: when big institutional money pivots away from growth bets like AI, it often reshapes sentiment across asset classes. The crypto space moves in tandem with macro momentum. A slowdown in mega-cap tech capex doesn't exist in isolation—it ripples through risk appetite across the board.

Think about it. AI was supposed to be the next growth engine driving valuations higher. If those investments are getting pushed back, institutions recalibrating their portfolio allocations could mean less dry powder flowing into higher-risk assets, including digital currencies. The correlation between equity weakness and crypto volatility has been pretty consistent over recent cycles.

Keeping tabs on AI spending trends might just be as important as tracking Fed policy these days.