Challenging The Economics Underpinning The Current US-Led AI Stack

Today's Chart of The Day from Deutsche Bank is a downer... highlighting a selection of drawdowns from 52-week highs across global tech sectors and tech-sensitive indices.

As Deutsche's Jim Reid points out, the Hang Seng Tech Index peaked in October alongside the S&P Software Index, but the others all reached their highs at various points within the last seven weeks.