Bank of Montreal's chief market strategist Carol Schleif says the buildout of AI infrastructure is driving gains across multiple sectors, not just traditional technology names.
The acceleration in AI deployment and hardware expansion is creating a broader market rally than many investors realize, according to Schleif's analysis. Rather than concentrating gains in a narrow band of mega-cap tech stocks, the infrastructure requirements for AI systems are benefiting companies across industries.
The buildout includes data centers, semiconductors, networking equipment, and supporting infrastructure that extends demand across manufacturing, utilities, materials, and other sectors. This pattern suggests the current market momentum has deeper foundations than a typical tech-driven rally.
Schleif's assessment indicates that companies supporting the AI infrastructure wave—from suppliers to construction firms to power providers—are capturing significant upside as enterprises race to deploy AI capabilities. The diversified nature of the gains could signal more sustainable market breadth compared to scenarios where only a handful of companies drive returns.
The remarks highlight ongoing investor focus on how artificial intelligence adoption translates into measurable economic activity across the broader market.
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