FT商学院

Tech stocks are sending a warning
科技股在发出警讯

Sell-off provides a reminder of the risks of the sector’s dominance in public and private markets
抛售潮提醒人们:该行业在公共与私人金融市场中的主导地位伴随重大风险。

The first inklings of a cooling of the love affair between investors and big tech may be starting to emerge with a sell off in sector stocks this week. Given how tech occupies a special place in the markets ecosystem, it is a warning that should be taken seriously, not just for bracingly upbeat stock valuations but also the darker corners of the financial system too.

本周科技板块的抛售,或许标志着投资者与大型科技企业“蜜月期”开始降温的初现端倪。鉴于科技在金融市场生态中的特殊地位,这一警讯不容忽视——它不仅关系到令人振奋的高企估值,也关乎金融体系更为阴暗的角落。

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