Updated

A Gartner analyst who sparked market turmoil last week has stood by analysis arguing that artificial intelligence returns are not yet large enough to justify neocloud infrastructure expansion, according to CNBC reporting on October 19, 2026. The firm's continued stance underscores skepticism about the near-term profitability and return on capital of the massive cloud buildout by technology companies, reinforcing concerns that sent shockwaves through equities in the prior trading week.