“…but I don’t think it’s going to be the death knell for the AI rally.”  

J.D. Joyce, president of Houston-based Joyce Wealth Management, was quoted in The Wall Street Journal on October 20, 2026, discussing the growing cost of financing the artificial-intelligence infrastructure boom.

As rising interest rates increase borrowing costs for debt-financed data-center projects, investors are increasingly focused on the potential impact on margins across the technology sector. Joyce noted that higher financing costs could pressure some major players, while emphasizing that the trend does not necessarily signal the end of the AI rally.

“It is becoming more costly and that could hurt margins for some big players…but I don’t think it’s going to be the death knell for the AI rally.”

The article examines how financing risks, infrastructure spending and corporate earnings are shaping the outlook for technology stocks.

Source: The Wall Street Journal, “U.S. Stocks Mixed as Strong Earnings Offset AI Credit Fears,” October 20, 2026.

Read the full article in The Wall Street Journal

Not an Offer or Advice: This commentary is provided for informational and educational purposes only and does not constitute a recommendation to buy or sell any specific security or to adopt any particular investment strategy. The views expressed represent the current opinions of Joyce Wealth Management as of 10/20/26 and are subject to change without notice.