The nature of the tech sell-off is different - about business models, not valuations.
Francine Lacqua
Neil Campling
Investors are asking who owns the data. AI is spreading to businesses at threat because they don't own data - they're aggregators or data processors.
Do you expect this to still spread?
Francine Lacqua
Neil Campling
Yes, certainly. In short term, some things are very oversold technically. But in most tech cycles, there's a small handful of winners.
Mixed results from Alphabet, Arm, Qualcomm - takeaways for investors?
Francine Lacqua
Neil Campling
AI creating memory shortages for big compute models, less for consumer devices. Alphabet showed massive capex increase - 15x customer engagement on AI.