# Sound the AIarm: Tech stocks’ whiplash could signal risks for Singapore’s real economy > Source: > Published: 2026-08-02 23:00:00+00:00 # Sound the AIarm: Tech stocks’ whiplash could signal risks for Singapore’s real economy Investors pay a premium for growth, but market swings reveal unease about incentives driving the boom [SINGAPORE] When Monetary Authority of Singapore (MAS) managing director Chia Der Jiun delivered his speech at the release of the [central bank’s annual report for FY2026](https://www.businesstimes.com.sg/companies-markets/singapore-aum-10-1-s6-7-trillion-mas-eyes-competitiveness-push) on Tuesday (Jul 28), his remarks might have been drafted as a routine macroeconomic warning. Instead, they served as live commentary for a storm breaking in real time. Among other things, Chia [flagged the artificial intelligence investment boom as a massive, looming uncertainty](https://www.businesstimes.com.sg/companies-markets/mas-chief-flags-ai-investment-boom-key-risk-global-financial-stability).