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HSBC on tech stocks - "the froth has been removed from valuation"

Started by forex4you, Aug 07, 2024, 06:30 am

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HSBC on tech stocks - "the froth has been removed from valuation"

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

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Quite the ride for tech stocks since the high in H1 of July.


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                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: HSBC on tech stocks - "the froth has been removed from valuation"

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