Incoming M&A Boom Driven by an AI “Innovation Super-cycle”
Incoming M&A boom: Goldman Sachs Global Banking & Markets projects global M&A volume to surge in 2026, driven by an AI “innovation supercycle” and a backlog of private equity exits.
Valuations: Semiconductor Stocks are now trading at a 60x PE, the richest valuation since the Dot Com Bubble.
Tech dominance is now a global trend: The information technology sector now reflects 85% of Taiwan’s stock market cap, the most among major world markets.
R&D budget: China just took the lead for the first time in modern history. The AI race isn’t being won in headlines. It’s being won in research budgets.
Tech earnings dominance: Since 2023, Tech has been responsible for ~60%+ of earnings growth.
