Bloomberg Surveillance · Tuesday, June 30, 2026
Despite recent market fluctuations and concerns about AI spending, the long-term prospects for technology, particularly in AI, remain strong. An expert from Oppenheimer suggests that while there will be challenges and failures, the deep integration of technology into both business and consumer life makes a widespread downturn unlikely, comparing the current situation favorably to the dot-com bubble.
“When the bears and the skeptics start trying to drag things down, and fundamentals remain very positive, and that's what you got.”
“But the good thing is I think it puts players on notice that be careful what you're doing, relating what your expectations are on this. And for investors, the idea is you have to be aware that there will be failures, there will be things that will not work out in AI and other things that will just think back on the Internet, and this is we don't think this is like the Internet bubble. This is very different.”
“Both business and the consumer have tech deeply embedded. We're dependent on tech in our lives.”