- The market in summer 2026 appears dominated by major tech companies, but lesser-known firms labeled as "others" are showing a distinct survival pattern amidst liquidity constraints.
- Companies in cybersecurity and materials science exhibit growth, yet fail to meet capital expectations without compelling AI narratives, revealing the diminishing tolerance for SaaS valuations.
- In contrast, traditional energy firms are opting for immediate cash flow while newer energy projects face cancellations, indicating a stark shift in capital preferences toward tangible assets and clear AI strategies.
