There's still plenty of runway on the tech boom, analysts say

Cnbc · Jun 09, 2026 · 459 words · By Tobias Burns

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What to know about There's still plenty of runway on the tech boom, analysts say

The artificial intelligence boom still has a good amount of runway, even as those stocks have hit speed bumps as of late, some on Wall Street say.

Claims checked 13

Techniques found 0

Topics 0

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center88%

Right12%

8 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

The artificial intelligence boom still has a good amount of runway, even as those stocks have hit speed bumps as of late, some on Wall Street say.

Why it matters

Despite widely recognized conditions for a bubble and increasingly concentrated gains across the major indices, some analysts and investors think the music will keep playing well into next year.

Common ground

"We think the market today is more similar to early 1999, not Q1 2000," Andrew Garthwaite at UBS told clients in a Monday note.

Perspective signals

No major persuasion pattern has been attached yet, so the source, headline, and evidence should carry most of the weight for readers.

Follow-up questions

What concrete event or decision sits underneath the headline: There's still plenty of runway on the tech boom, analysts say?
What evidence would most clearly confirm or weaken the claim that "Some heavy late-week AI … profit taking [was] partially attributed to Anthropic comments urging to slow down AI development, spooking sentiment after a 9 week run," UBS said in a Sunday sales commentary?
What should readers watch for in the next update to know whether the story is changing?

open_in_new Read the original article: https://www.cnbc.com/2026/06/09/theres-still-plenty-of-runway-on-the-tech-boom-a…

fact_checkClaims Checked

eFinder analyzed this article and checked 13 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 4

info Single Source 3

schedule Pending 3

help Insufficient Evidence 2

verified Verified 1

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Claim 1: “"Some heavy late-week AI … profit taking [was] partially attributed to Anthropic comments urging to slow down AI development, spooking sentiment after a 9 week run," UBS said in a Sunday sales commentary.”

SINGLE SOURCE

The evidence confirms Anthropic's call to slow down AI, but the specific UBS Sunday sales commentary attributing profit-taking to these comments is not independently corroborated in the snippets.

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web search NEUTRAL — Научно-инновационное мероприятие Astana AI Week 2026, объединяющее науку, бизнес, государство и стартапы в области искусственного интеллекта.
https://astanaaiweek.kz/

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web search NEUTRAL — Dario Amodei is the CEO of Anthropic, the company that created Claude. Amanda Askell is an AI researcher working on Claude's character and personality.An error occurred while retrieving sharing inform…
https://www.youtube.com/watch?v=ugvHCXCOmm4

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web search NEUTRAL — Anthropic compared the problem to nuclear arms control treaties — but said it would be even harder to get a handle on, since AI training is far easier to hide than a missile silo, and the temptation t…
https://omaneconomictimes.com/2026/06/anthropic-calls-for-pa…

info

Claim 2: “The Philadelphia SE Semiconductor Index was down almost 6%.”

SINGLE SOURCE

While search results mention the Philadelphia SE Semiconductor Index dropping (e.g., 4.4% in one source), the specific 'almost 6%' figure for that Tuesday is not explicitly corroborated across multiple independent sources in the provided evidence.

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wikipedia NEUTRAL — The DAX (Deutscher Aktienindex (German stock index); German pronunciation: [daks] ) is a stock market index consisting of the 40 major German blue chip companies trading on the Frankfurt Stock Exchang…
https://en.wikipedia.org/wiki/DAX

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wikipedia NEUTRAL — The IBEX 35 (IBerian IndEX) is the benchmark stock market index of the Bolsa de Madrid, Spain's principal stock exchange. Initiated in 1992, the index is administered and calculated by Sociedad de Bol…
https://en.wikipedia.org/wiki/IBEX_35

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wikipedia NEUTRAL — The Nasdaq-100 is a stock market index made up of equity securities issued by approximately 100 (currently 102) of the largest non-financial companies listed on the Nasdaq stock exchange. The Nasdaq-1…
https://en.wikipedia.org/wiki/List_of_NASDAQ-100_companies

+ 3 more evidence sources

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Claim 3: “"You can be in a bubble but still have a long way to go," hedge fund manager Dan Niles, founder of Niles Investment Management, told CNBC on Tuesday.”

CORROBORATED

Multiple sources confirm Dan Niles, founder of Niles Investment Management, spoke to CNBC on Tuesday and discussed the market being in a bubble but having room to grow, specifically comparing it to 1998-1999.

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wikipedia NEUTRAL — Bushra Amiwala (born December 30, 1997) is an American activist, politician and public speaker. As of April 2019, Amiwala was the first Gen Z woman to become an elected official in the United States. …
https://en.wikipedia.org/wiki/Bushra_Amiwala

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wikipedia NEUTRAL — Jungle Rush is a Vekoma switchback coaster located within the Rivertown themed area at the Dreamworld amusement park on the Gold Coast, Australia. The ride is the world's first switchback coaster,and …
https://en.wikipedia.org/wiki/Jungle_Rush

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wikipedia NEUTRAL — The Vanguard Group, Inc. is an American registered investment adviser founded on May 1, 1975, and based in Malvern, Pennsylvania, with approximately $12 trillion in global assets under management as o…
https://en.wikipedia.org/wiki/The_Vanguard_Group

+ 3 more evidence sources

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Claim 4: “Last week's sell-off was triggered on Wednesday by idling – though robust – revenue projections from chipmaker Broadcom”

CORROBORATED

Multiple sources confirm that Broadcom's revenue outlook/performance forecast triggered a sell-off in chip stocks.

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web search NEUTRAL — Key Highlights. Broadcom‘s third-quarter AI chip revenue outlook fell short of elevated investor expectations, triggering a 12%+ premarket decline. Tech-heavy Nasdaq 100 futures tumbled approximately …
https://parameter.io/broadcom-avgo-earnings-miss-triggers-te…

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web search NEUTRAL — Broadcom Triggers Sell - off.Broadcom's performance forecast has also triggered a sell - off of chip stocks by investors. The stock prices of semiconductor companies including Micron Technology and Qu…
https://eu.36kr.com/en/p/3840026966771973

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web search NEUTRAL — But Broadcom's gains had independent legs, and the macro backdrop — easing inflation fears after a US-Iran peace deal — gave the entire tape additional room to recover from Wednesday's Fed-triggered s…
https://www.interactivecrypto.com/broadcom-s-3-billion-buyba…

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Claim 5: “Credit spreads in both junk and investment-grade bonds are close to historic lows.”

INSUFFICIENT EVIDENCE

No evidence was provided in the search results to verify the current state of credit spreads for junk and investment-grade bonds.

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Claim 6: “However, the sector took another spill Tuesday, dragging the Nasdaq down more than 2% while the S & P 500 declined 1%.”

CORROBORATED

Web search results indicate a Tuesday decline where the S&P 500 tumbled more than 1% and the Nasdaq sank more than 2%.

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wikipedia NEUTRAL — This article is a summary of the closing milestones of the S&P 500 Index, a United States stock market index.
https://en.wikipedia.org/wiki/Closing_milestones_of_the_S&P_…

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+ 3 more evidence sources

schedule

Claim 7: “The Federal Reserve was on a downward path for interest rates late last year”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 8: “Futures markets are currently pricing in one quarter-point rate hike for this year at the central bank's December meeting, according to CME FedWatch.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

schedule

Claim 9: “Recent quarterly earnings for hyperscalers showed revenue increases supporting higher spending initiatives.”

PENDING

This claim was extracted as a checkable statement from the article. eFinder labels it pending based on the available evidence and source context shown below.

help

Claim 10: “"We view the recent pullback in the group as healthy and maintain AVGO, TXN , and AMAT as our top buy-rated picks," analyst Atif Malik at Citi wrote on Monday.”

INSUFFICIENT EVIDENCE

No evidence was found in the search results regarding Atif Malik's specific Monday note or his picks for AVGO, TXN, and AMAT.

verified

Claim 11: “and may have been exacerbated by a call from artificial intelligence startup Anthropic for the sector to slow down its pace of advancements .”

VERIFIED

A web search result explicitly states that Anthropic called for a pause/slow down of global AI development, comparing it to nuclear arms control.

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web search NEUTRAL — Artificial intelligence (AI) is the capability of computational systems to perform tasks typically associated with human intelligence, such as learning, reasoning, problem-solving, perception, and dec…
https://en.wikipedia.org/wiki/Artificial_intelligence

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web search NEUTRAL — Discover how Google AI is committed to enriching knowledge, solving complex challenges and helping people grow by building useful AI tools and technologies.
https://ai.google/

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web search NEUTRAL — Use ChatGPT to answer questions, write, create images, complete work, and code—all in one place. Get started for free or download the app.
https://chatgpt.com/

info

Claim 12: “"We think the market today is more similar to early 1999, not Q1 2000," Andrew Garthwaite at UBS told clients in a Monday note.”

SINGLE SOURCE

Web search confirms Andrew Garthwaite is a strategist at UBS and has written about AI and market history, but the specific quote comparing the market to early 1999 vs Q1 2000 in a 'Monday note' is not explicitly corroborated by the provided search snippets.

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web search NEUTRAL — UBS analyst Andrew Garthwaite wrote that his bullish target for the MSCI AC World is 1,090 by end-2026 (+11%). But he noted that if GenAI delivers even half the productivity surge that late-1990s Tech…
https://volknews.com/2025/11/26/ubs-ai-mania-has-more-fuel-d…

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web search NEUTRAL — Andrew Garthwaite, UBS Chief Global Equity Strategist, and Elroy Dimson, Professor of Finance at Cambridge Business School and co‑author of the UBS Global Investment Returns Yearbook, distil over 100 …
https://www.ubs.com/global/en/investment-bank/insights-and-d…

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web search NEUTRAL — Andrew Garthwaite is currently a Strategist at UBS AG (London Branch). Prior to his current position, he was the Head of Global Equity Strategy at Credit Suisse Securities (Europe) Ltd. Andrew Garthwa…
https://www.marketscreener.com/insider/ANDREW-GARTHWAITE-A0F…

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Claim 13: “The S & P 500 and Nasdaq Composite ended higher Monday, lifted by chip stocks as the Philadelphia SE Semiconductor Index closing higher by more than 5%.”

CORROBORATED

Reuters and other web results confirm that on Monday, the S&P 500 and Nasdaq ended higher, driven by chip stocks and Broadcom.

menu_book

wikipedia NEUTRAL — This article is a summary of the closing milestones of the Nasdaq Composite, a United States stock market index. Since first opening at 100.00 on February 5, 1971, the Nasdaq Composite has increased, …
https://en.wikipedia.org/wiki/Closing_milestones_of_the_Nasd…

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wikipedia NEUTRAL — This is a list of the largest daily changes in the Nasdaq Composite from 1971.
https://en.wikipedia.org/wiki/List_of_largest_daily_changes_…

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wikipedia NEUTRAL — The S&P 500 (Standard and Poor's 500) is a stock market index tracking the stock performance of 500 leading companies listed on stock exchanges in the United States. It is one of the most commonly fol…
https://en.wikipedia.org/wiki/S&P_500

+ 3 more evidence sources

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.