Amid AI-Driven Layoffs, Tech Unemployment Ticks Up to 3.8% in April

TL;DR

Tech boom brings emerging markets and their rich cousins closer together ESS Tech Q1 2026 slides: cost cuts shine as revenue transitions Market chatter in 2024 and 2025 frequently referenced fears of a 'bubble' emerging in the top end of the U.S. equity market, as the 'magnificent seven' reached increasingly lofty valuations largely thanks to hype surrounding artificial intelligence. That peaked in October 2025, when the forward P/E ratio for the S&P 500 Information Technology sector reached over 30x, according to FactSet.