Timmer from Fidelity Suggests End of AI Stock Boom

Jurrien Timmer, Director of Global Macro at investment company Fidelity, suggested the potential end of the active growth period for stocks of companies related to artificial intelligence (AI). In his view, the upward trend in the stock market may continue, but it will require broader participation from companies in other sectors. The analyst does not yet consider the end of the AI investment boom to be a confirmed fact.

Growth of other companies may not offset the decline of leaders

Timmer pointed to the dynamics of the equal-weighted S&P 500 index, where all companies are initially assigned the same weight. Its indicators suggest relative stability in the broader market. However, the high concentration of capitalization in the largest tech companies means their decline could outweigh the growth of other index participants.

Additional concerns arise from the scale of funding for AI developers, including OpenAI and Anthropic. On November 10, 2026, the latter began presenting its proposed initial public offering (IPO) to investors. The company plans to issue new shares, while some existing shareholders intend to sell their shares. The offering had not been completed at the time of the announcement.

Can Bitcoin capture some capital from the AI sector

The initial analysis considers a scenario where waning interest in AI company stocks could lead to a redistribution of funds to the cryptocurrency market. However, there is no direct evidence of such a shift yet. High volatility of Bitcoin (BTC), cyber threats, and concerns about cryptography's resilience to quantum attacks remain additional risk factors.

To assess the potential recovery of the crypto market, the analysis author suggests considering the formation of new price highs for Bitcoin and major alternative cryptocurrencies, as well as a steady inflow of funds into exchange-traded funds (ETF). Meanwhile, reduced investor risk appetite and limited available capital may restrain demand for digital assets.

Thus, even with further weakening interest in AI company stocks, a rapid shift of significant funds into cryptocurrencies remains an unconfirmed scenario.