Goldman data show tech stocks have lost most of their valuation premium even as earnings forecasts and insider buying rise, while AI models and proxy advisors increasingly side with activists over management. Surveys reveal quantifiable AI gains climbing across sectors, and long-term charts highlight a 94% drop in global oil intensity despite recent supply disruptions.

• Tech stocks' valuation premium has collapsed toward 2018 levels even as 2026 earnings growth forecasts jumped from 31% to 43.4% since January, and insider buying in XLK-tracked firms hit a 15-year high.
• AI models back activist investors in proxy fights ~45% of the time (vs. 36-42% for ISS/Glass Lewis), but actual shareholder votes favor activists only 14% of the time, largely due to the Big Three asset managers' voting power.
• 37% of surveyed companies now report measurable AI benefits, up 23% quarter-over-quarter, with financial services, real estate and tech showing the sharpest gains.