Business

Big Tech's Impact on Market Performance

Updated 2026-06-11 11:25 UTC 1 source Negative

Top strategist Charlie McElligott of Nomura argues that big tech companies are preventing new stock-market highs due to their dominant role in the AI trade.

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MarketWatch

Big tech is preventing new stock-market highs due to the changing way investors play the AI trade, says this top strategist

Nomura’s Charlie McElligott says investors are finally waking up to the problems with a market that is too concentrated on AI leadership.

2026-06-11 11:07 UTC