August 06, 2024 at 11:43PM
Comments from chief investment officer of HSBC’s private bank conveyed via a Reuters report ICYMI:
In technology, the froth has been removed from the valuations
We do believe that AI and technological innovation more broadly will endure, will continue to create productivity gains… We don’t flee from it
There are opportunities in technology, and technology is not just the Magnificent 7.
expected positive economic growth
favoured broadening out into medium-sized companies
—
Quite the ride for tech stocks since the high in H1 of July.
This
chart is from our charting app, which is free and can
be found at this link
This article was written by Eamonn Sheridan at www.forexlive.com.
HSBC on tech stocks – “the froth has been removed from valuation”