Apollo Slok: The stagnating profitability of companies outside the seven giants of America poses a risk to the valuation of the technology giant

On 7 July, the Chief Economist of Apollo Global Management Inc. warned that companies other than technocrats had failed to demonstrate that their artificial intelligence spending had led to increased profitability, posing a risk to large science and technology unit valuations. “We need to see a rise in the profits of companies other than the seven giants of US stock,” Slok said on Tuesday he used the abbreviations of American technology giants. “In other words, the situation of the remaining 493 components of the Standard 500 index becomes very, very critical.” Slok stated that Wall Street needed to see what he described as the remaining 493 elements of the Standard 500 index, with positive results in terms of profitability and profitability following the introduction of artificial intelligence. Otherwise, doubts about valuations may increase, including those of large technology firms. “It is assumed that the profit margin will not begin to rise until a few years later. The question is whether the implicit profit assumption of the Seven is too high or too fast in relation to what is actually going to happen”, he said, “it is absolutely essential to discuss how much the Seven should be worth today”