Top 5 Institutions' 2026 Outlook: The Era of AI Investment Acceleration Has Arrived, US Stocks Concentrated Dividends vs Non-US Spillover, Which Side Are You On?

After reviewing the 2026 trend reports from five top institutions: a16z, Goldman Sachs, JPMorgan, Morgan Stanley, and BlackRock, I have distilled two key value insights:

1. AI is not a bubble, but is entering a period of accelerated investment in infrastructure worth $30 trillion. However, a qualitative change in productivity will still take years.

2. The AI concentration dividend in the US stock market (monopoly by seven giants) vs the spillover effect in non-US markets (higher returns in emerging markets). In 2026, AI will still be a year of “crazy money burning” investment, and the harvest is far from over; the US stock market bets on tech giants continuing to gain, while non-US bets on sharing dividends from the global supply chain - two completely different bets, which side do you choose?

Opinion 1: The AI acceleration investment period is here, a $30 trillion infrastructure wave is coming, but a qualitative change will take years.

Institutions are in agreement on the positive outlook for AI infrastructure, but emphasize that it is still in the investment phase.

AI is not a bubble, but a global infrastructure upgrade - however, the focus in 2026 will be on investment, and a qualitative change on the application side is still early.

Viewpoint 2: Concentrated Dividends in US Stocks vs Spillover in Non-US Markets, A Duel of Two Bets

The biggest point of divergence among institutions: Is the AI dividend monopolized by American giants, or is it spilling over globally?

Two types of bets:

• Gambling Monopoly: AI dividends concentrated among US tech giants, US stocks continue to be bullish
• Betting spillover: weakening dollar + global upgrades, higher returns in emerging/EU and Japan markets

The year 2026 may become the year when the distribution pattern of AI dividends is finalized.

What does this mean for investors?

• AI Infrastructure: Continue to accelerate investment, opportunities in related hardware/energy/power stocks are significant, but the application side's returns are slow to heat up.
• Market Selection: US stocks bet on concentration (the seven giants profit), non-US bets on dispersion (emerging markets have higher expectations)
• Risk: Significant volatility during the investment period, and before the qualitative change, valuations are prone to correction.

Institutional Divergence Reflects Reality: AI is a Global Revolution, But the Distribution of Benefits Remains Undetermined. In 2026, will you side with “American Monopoly” or “Global Spillover”?

Let's chat in the comments section～ A. The US stock market is concentrated, the seven giants continue to rise. B. Non-US spillover, emerging markets take off C. AI investment phase, short-term volatility is high D. Wait and see, wait for the application to land.

Take a step, watch a step - the AI drama will be revealed in 2026!