AI's Reckoning Window: 2026–2030 When Spending Must Justify Valuations

The tech sector has entered what Wall Street now frames as a crucial accountability window: investors are timing the moment when massive AI capex—data centers, custom silicon, energy—must generate tangible revenue or trigger repricing. Tuesday's 2.2% Nasdaq decline signals mounting skepticism that hyperscaler spending will justify current valuations. The earnings tightrope narrows: Big Tech must sustain capex commitments while proving discipline, or face shareholder concerns about a spending bubble.