Business
This Isn’t the Dot-Com Selloff
📣 “All these comparisons to 1999-2000, to us, are totally out of line… It’s a bit of profit-taking, but we see the medium-term outlook as still very positive.”
—Daniel Morris, chief market strategist at BNP Paribas Asset Management, on this week’s selloff in tech stocks.
Technology companies largely been meeting their expectations for earnings growth, which are ultimately driven by real demand for artificial-intelligence services and don’t appear out of line with reality, according to Morris.
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