Interview on @AsharqBusiness on its first broadcasting day from Riyadh - June 29, 2026

Tech valuations have stopped moving as one. The market is pulling apart by name, and the companies carrying the heaviest artificial intelligence spending are the ones now absorbing the pressure, because investors are starting to ask what those capital commitments actually return. Fiscal policy is still doing the heavy lifting beneath equities, keeping risk appetite alive even as the underlying math looks stretched. The bond market is telling the quieter and more uncomfortable story. Rising American debt and persistent deficits are pushing yields to price a future that no credible plan has yet addressed, and what unsettles investors is not the size of the debt alone; it is the absence of any clear roadmap for containing its path. Two markets, two messages: equities are leaning on support, while bonds are pricing the bill. إن تقييمات شركات التكنولوجيا أصبحت متفاوتة، مع استمرار الضغوط على الشركات الممولة لاستثمارات الذكاء الاصطناعي. وأضاف أن السياسة المالية تدعم الأسواق، بينما تعكس سوق السندات مخاوف من ارتفاع الدين الأميركي واستمرار العجز، في ظل غياب خطة واضحة لاحتواء مساره.