A global backlash against technology stocks such as Facebook is coming, which could hurt the broader market, one strategist says.
“Four forces are coming together to potentially burst the data/platform bubble,” Bilal Hafeez, global head of G-10 FX strategy at Nomura, said in a Tuesday report. “The bubble you didn’t know about could be bursting without you knowing.”
First, discussion of technological terms such as “big data,” “artificial intelligence” and “blockchain” has gone mainstream, a classic sign of the late stages of a boom, Hafeez said. Full Story