• MAI Capital flagged clearer signs of a technology-sector asset bubble in Q2 2026, driven by AI-linked semiconductors and a heated IPO market.
• S&P 500 rose 15% in Q2 following a 4% Q1 drop; the median stock gained about 6%, underscoring narrow leadership.
• Semiconductor shares surged, with AMD more than doubling while Intel and Micron tripled, moves MAI tied to pulled-forward AI growth expectations.
• SpaceX’s June 11 IPO valued it near USD 2 trillion despite losses, a setup MAI viewed as consistent with late-cycle market excess.
• MAI highlighted healthcare as relatively attractive, cited rising inflation risk, favored TIPS, and warned higher rates could follow a hawkish Fed shift.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MAI Capital Management LLC published the original content used to generate this news brief on July 02, 2026, and is solely responsible for the information contained therein.