Bloomberg Surveillance · Wednesday, September 9, 2026
An analyst explains that the 'broadening out' trade is primarily due to the economy catching up after a recession, rather than solely AI advancements. He notes that while AI enablers are doing well, the transition to adopters across various sectors like consumer, healthcare, and financials is a key driver.
“It's more of the latter.”
“So our call was really predicated on this idea that we did complete a recession a year ago, that typically when you come out of a recession, you have massive operating leverage, just a little bit of revenue growth, which is what's happened. So that's probably 80% of the broadening out story that I think is still not appreciated or not understood.”
“The second part is what you just talked about, which is that we are now seeing a transition from the enablers to to the adopters.”