AI Wealth Funds: New Valuation Factors Emerging in Tech Stocks

According to a recent CNBC survey, 61% of US employees support establishing an AI sovereign wealth fund to make tech companies "pay" for mass layoffs. Meanwhile, the number of tech industry layoffs in the US during the first half of 2026 has already exceeded 250,000, a year-over-year surge of 40%. Put these two sets of data together, and they point to a risk that is underestimated by the market: a shift in industrial policy may be reshaping the valuation models of tech stocks.