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Investment Weekly

US tech versus the rest
05 December 2025

    Chart of the week – US tech versus the rest

    Chart of the week – US tech versus the rest

    The AI boom has fuelled investment markets in 2025, and while that could continue in 2026, there are now some big questions around US mega-cap tech. As we explain in our 2026 Investment Outlook, we think a “broadening out” of investment returns that has been under way in global markets this year, could spread to the technology sector next year.

    More from this week:

    Market Spotlight

    • Diversifying the diversifiers

    Lens on…

    • Japan’s trilemma
    • Asia’s IPO boom
    • Molto bene

    Read the full commentary PDF, 3.34MB