The tech sector wrapped up an impressive run, powered by mega-deals and solid market gains. But here's the real question hanging over 2026: Can artificial intelligence actually deliver on the hype and justify the astronomical capital being poured into it?

After years of explosive AI spending with limited tangible returns, investors are starting to ask tougher questions. The narrative is shifting from "build at all costs" to "show me the money." For the broader market—and especially for those tracking digital assets and alternative investments—this pivot could reshape capital allocation strategies and sentiment across risk assets. If AI fails to prove its ROI, we might see a meaningful reallocation of venture and growth capital.