Apollo Economist Says AI Gains Stay With Big Tech, Not Broader U.S. Economy in 2026

3 articles · Updated · Seeking Alpha · Jun 8

Torsten Slok of Apollo Global Management said AI’s economic gains are still concentrated in a small group of dominant technology companies rather than spreading across the wider U.S. economy.
That concentration, he argued, is widening the gap between large-cap market leaders and the rest of corporate America, leaving broader business activity still waiting for meaningful AI benefits.
The view underscores a growing disconnect between enthusiasm around AI-driven winners and evidence that the technology has yet to lift the broader economy in a material way.

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