<div id="readability-page-1">With Oracle (ORCL) set to report earnings this week and capital expenditure plans closely watched, BofA says there's a new sheriff in town when it comes to spending. Strategist Michael Hartnett said in a note that bond vigilantes are now the &#34;new regulators of AI capex&#34; and they are saying &#34;slow the growth.&#34; Investors should look to AI adopters rat...</div>

ORCL

<p>BofA strategist Michael Hartnett notes that bond vigilantes are influencing AI capital expenditure, urging a slowdown in growth. He advises investors to focus on AI adopters rather than spenders as credit spreads impact capex. Capex at major tech companies like Oracle, Amazon, Microsoft, Alphabet, and Meta is expected to rise significantly from $240B in 2024 to $540B in 2026.</p>

- Oracle (ORCL) is preparing to report earnings, with a focus on its capital expenditure plans.  
- BofA strategist Michael Hartnett notes that bond vigilantes are now influencing AI capital expenditure, urging a slowdown in growth.  
- Investors are advised to pay attention to companies that are adopting AI technologies.

Bond vigilantes are now the arbiters of AI capex - BofA