Updated
Updated · Bloomberg · Jun 22
Tech Stocks Set to Extend Rally for 2 More Quarters as AI Infrastructure Spending Accelerates
Updated
Updated · Bloomberg · Jun 22

Tech Stocks Set to Extend Rally for 2 More Quarters as AI Infrastructure Spending Accelerates

3 articles · Updated · Bloomberg · Jun 22

Summary

  • At least two more quarters of gains are likely for technology stocks, according to Columbia Threadneedle’s Tiffany Wade, who said the AI-linked rally still has room to run.
  • AI infrastructure spending is accelerating faster than in the past two years, driving another round of higher revenue and earnings estimates for companies tied to that buildout.
  • Wade said the outlook for AI infrastructure stocks is “tremendous,” signaling portfolio managers still see fundamental support rather than a purely momentum-driven surge.
  • The call points to a broader market view that sustained AI capital spending could keep underpinning tech leadership over the near term.

Insights

AI is creating record market wealth, but is it also engineering a 'jobless boom' that leaves the average worker behind?
The AI rally requires a historic infrastructure buildout, but which bottleneck—power, hardware, or public opposition—will break the boom first?