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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