# Swissquote Analyst Warns AI Dependence Could Drive U.S. Stock Correction

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/24015
Published: 2026-09-25T06:48:01.000Z
Updated: 2026-09-25T06:48:01.000Z

A Swissquote Bank senior analyst warned that U.S. stocks could face a pronounced correction if investors lose confidence in artificial intelligence, a theme now supporting major indexes and retirement funds.

Technology companies account for about 40% of the S&P 500, highlighting the concentration of U.S. equity exposure to the AI investment trend. Three chipmakers also represent more than 25% of the MSCI Emerging Markets Index.

Broad-based indexes and retirement funds are deeply tied to the AI wave, making a change in the investment case an important risk for markets. The analyst said AI has become a core pillar of equities and that weakening confidence in the theme could damage market sentiment.

U.S. stocks may continue to receive seasonal support through the end of 2026. The main risk is a shift in expectations for AI investment, which could lead to a significant market pullback.