Ozan Tarman

Ozan Tarman is Vice Chair of Global Macro at Deutsche Bank, known for market commentary on global macro themes including AI and technology stocks, chipmakers, rates, bond yields, inflation expectations, geopolitical oil risks, and European gilt markets.

AI Stock Rally Still Rests on Earnings and Underweight Investors

Deutsche Bank’s Ozan Tarman argues that the AI stock rally still has support from earnings growth and incomplete professional positioning, even as he warns investors not to treat the trade as risk-free. In a Bloomberg discussion with Stephen Carroll and Lizzy Burden, Tarman says the main threats are not the AI revenue story itself but a renewed jump in bond yields, a hotter CPI print, or a Middle East escalation that pushes oil into a broader macro shock.

Bloomberg TechnologyJun 1, 20265 min read