CNBC commentator Mike Santoli believes that for the AI-driven bull market to continue its ascent, technology stocks almost certainly need to recover. He noted that in recent weeks, a shift of funds towards traditional defensive, high-quality stocks has partially offset selling pressure on semiconductor and AI infrastructure investment-related stocks; Walmart, Berkshire Hathaway, and Eli Lilly collectively added $550 billion in market capitalization over the past month. The report cited that the Nasdaq 100 Index closed nearly 11% below its all-time high on Monday, and the Philadelphia Semiconductor Index fell another 3.8% that day. According to Morgan Stanley data cited in the article, AI-related stocks still account for nearly 45% of the S&P 500 Index's weighting. The above market assessment represents the commentator's view.