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Bloomberg

Apollo’s Slok Says S&P 493’s Stalled Margins Are a Big-Tech Risk

Tuesday, July 7, 2026


Apollo Global Management's Torsten Slok said companies outside the technology sector are not showing profitability gains from artificial intelligence spending. Slok stated this development poses risks to valuations of large technology companies. The warning concerns whether non-tech firms can generate returns on their AI investments sufficient to justify valuations across the sector.

Original reporting: https://www.bloomberg.com/news/articles/2026-07-07/apollo-s-slok-says-s-p-493-s-stalled-margins-are-a-big-tech-risk

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