Apollo’s Slok Says S&P 493’s Stalled Margins Are a Big-Tech Risk

Torsten Slok of Apollo Global Management warns that companies within the S&P 493, excluding technology giants, are failing to realize profitability gains from their artificial intelligence spending. This lack of profit growth outside Big Tech poses significant risks to current valuations and could trigger a market correction. Slok suggests that if non-tech sectors do not see returns on AI investments, a repricing risk emerges, echoing concerns associated with previous technology bubbles in the market.