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- While AI picks and shovel stocks continue to perform well, hyperscalers have come under some pressure.
- Massive capex spending from hyperscalers has led analysts to expect nearly all operating cash flows to be eaten up.
- The Communication Services sector’s cumulative A/D line hit a 52-week low.
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The post The Closer – Hyperscaler Pressure, New Low for Breadth, Positioning – 6/22/26 first appeared on Bespoke Investment Group.
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