James Demmert, chief investment officer at Main Street Research, discussed key forces influencing the big tech sector during an appearance on Fox Business’ “Making Money.”

Demmert highlighted how the supply and demand dynamics of electricity—critical for powering massive data centers—can directly affect tech market performance. He also emphasized the transformative potential of artificial intelligence, noting its capacity to significantly boost corporate earnings and reshape industry competition.

These factors, combined with evolving economic conditions, are expected to play a major role in shaping tech valuations and investor strategies in the months ahead.