Hedging
Liquidity Solutions
Cash Flow Forecasting
Corporate Treasury Outsourcing
Treasury Technology
Connectivity
Supply Chain Finance
SME Forex
Money Market FundsIn a world so heavily dominated by AI company spend, capital raising and investment, it is natural for investors to look to these companies with interest. Much of that interest has revolved around whether the market is justified in its current valuations or whether ‘this time will be different’ given that many of these companies are income-generating, the leverage being applied is not unsustainable, and the productivity gains that they could generate are difficult to quantify.
Furthermore, AI earnings have driven the broader market this month. Big tech’s Q2 results have generally beaten expectations, pushing the S&P 500 to fresh records and its strongest week since April, helped by a cooler CPI print. But the rally is uneven: even companies posting strong growth, like SpaceX, which is up 92% in revenue, have seen their share prices fall as investors grow wary of runaway AI capital spending. Nvidia’s August 26 report is now the key catalyst everyone’s watching, seen as a referendum on whether AI infrastructure spending justifies current valuations, or whether the “AI trade” is due for a reset.
