Bloomberg Surveillance · Wednesday, August 12, 2026
Despite some AI jitters, stocks are climbing with upbeat tech earnings, and AI continues to be seen as the dominant secular theme driving the market cycle. Revenue growth of over 20% from hyperscalers and strong cloud business performance has eased concerns about monetizing spending, according to an analyst.
“We remain long term tech bulls, continuing to see AI as the dominant secular theme driving this market cycle.”
“So that was I think eased as far as you know, the question around are we going to monetize all this spending, and a lot of the bigger companies were saying yes, we are seeing that transformation.”