Macquarie warns the AI boom may pop in rolling bubbles

Economic Times reported that Macquarie expects the AI boom to deflate in rolling bubbles rather than one clean market crash. The argument matters because AI exposure is now spread across chips, power, software, devices, data centers, and services. That means weak economics in one lane may not end the whole cycle, but it can still punish overbuilt or overvalued pockets of the market.

Key details: Published June 29, 2026 by Economic Times, Macquarie described possible rolling AI bubbles, The story focuses on market risk across AI-linked sectors, It separates broad AI demand from overheated sub-segments.

Why it matters: AI risk is becoming segmented; investors and operators need to know which parts of the boom have real demand and which are just riding the label.