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.