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Investment Event

Tech jitters
24 November 2025
    Articles
    Download the full reportPDF, 1.72MB

    Key takeaways

    • The recent pick-up in US tech stock volatility comes amid increased concerns over huge capex commitments. There may also be concerns that US economic growth is becoming increasingly lopsided
    • The narrative around AI – and the strong revenue generation potential that it brings – can remain a powerful driver of US stock market momentum
    • But given the ongoing uncertainty around the AI business model, episodic volatility in US stocks could become the norm in 2026
    • Geographically diversified portfolios may be the ideal route to maximising returns and limiting exposure to downside AI and US macro risks
    • We believe investors need to think more holistically around assets and strategies to build portfolio resilience

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