The highest-beta tech stocks outperformed by 100% over the past year, a run only seen before in the late 1990s, and Piper Sandler Chief Investment Strategist Michael Kantrowitz says that speculative bubble has already burst. He tells Yahoo Finance’s Jake Conley why he sees market leadership shifting toward higher-quality names, why a record 43% consensus five-year earnings growth forecast for tech sets a bar that may be hard to keep beating, what investors need to see on AI’s return on investment, and how tonight’s midterm results could ripple into the tech trade.
Market Domination, Market Domination Overtime and Asking for a Trend are live weekdays 3-5pm ET.
00:00 Has the AI beta bubble burst?
02:27 What counts as a good quarter for Big Tech?
03:15 A record 43% growth forecast
04:05 Time to reset expectations?
05:16 The AI return-on-investment question
07:18 The midterms and the tech trade
#aibubble #stockmarket #techstocks
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