Hyperscaler Spending Can Slow While Still Outpacing Economic Growth
Goldman Sachs Wealth Management’s Matt Weir argues that the market’s reliance on a handful of large technology stocks does not, on its own, signal that the bull market is ending. He expects hyperscalers’ capital-spending growth to slow sharply from its extraordinary pace, but remain far faster than economic growth. For Weir, earnings—not short-term market concentration or macroeconomic distractions—will ultimately determine where stocks go next.
Bloomberg Technology·Oct 8, 2026·3 min read