If the AI boom collapses, it won’t be as catastrophic as the dot-com crash — but the shockwave will be felt far and wide, Igor Pejic says.
The banker and author of a new guide for tech investors titled “Tech Money” told Business Insider this week that Big Tech’s unprecedented dominance will limit the magnitude of any market decline.
Pejic underscored the greater “stickiness” of companies like Alphabet and Microsoft compared to the leading companies of the past, such as Exxon Mobil, General Motors, and IBM.
Big Tech companies have remained dominant for decades partly because of their platform models, which give them “almost limitless pricing power” and make them “almost impossible to dislodge,” he said.
In other words, they’ve become…