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Investment Weekly

Magnificent margins
26 June 2026

    Chart of the week – Magnificent margins

    Chart of the week – Magnificent margins

    This week’s volatility in AI-focused technology stocks revived questions about the durability of margins and the rising cost of the AI buildout. When it comes to tech profits, we explore three factors that investors should consider.

    Market Spotlight

    • Concrete, cables, and cashflows

    Lens on…

    • Dollar detour
    • From bricks to bytes
    • Problematic productivity

    Read the full commentary PDF, 3.32MB